The Old-Age Dependency Ratio

The Old-Age Dependency Ratio is a measure used to assess the relationship between older adults (typically those aged 65 and over) and the working-age population (usually defined as ages 15 to 64). It indicates how many people in retirement are supported by each working individual. A higher ratio suggests a greater burden on the working population to support retirees, which can impact economies and social services. As populations age in many countries, understanding this ratio helps in planning for healthcare, pensions, and workforce needs.