For some time now, demographers and economists have observed that the proportion of elderly adults around the world is rising, while the proportion of younger children is falling.
But within a few years, just before 2020, adults aged 65 and over will begin to outnumber children under the age of 5 among the global population, according to a chart shared by a Bank of America Merrill Lynch team led by Beijia Ma, citing an earlier report from the US Census Bureau.
And these two age groups will continue to grow in opposite directions: The proportion of the global population aged 65 and up will continue to increase, while the proportion of the population aged 5 and under will continue decreasing.
In fact, according to the Census Bureau, by 2050 those ages 65 and up will make up an estimated 15.6% of the global population — more than double that of children ages 5 and under, who will make up an estimated 7.2%.
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