GLOBALLY, the pace of population ageing is much faster than before, as people are generally living longer and fertility rates are falling. According to the World Health Organisation (WHO), one in six people in the world will be aged 60 and above in the next nine years.
As such, the share of the population aged above 60 will increase to 1.4 billion in 2030 from one billion last year. And by 2050, the world’s population aged above 60 is likely to double to 2.1 billion, estimates WHO.
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