The EU and the Age Wave

In fewer than 13 years, we will have more seniors in Minnesota than children. That’ll be a first. Interestingly, the European Union is already in the midst of an age wave. According to Elita Vucheva, who writes on global business for Businessweek.com, there are currently more seniors than children living in the EU, as Europe’s young population has decreased by 21 percent – or 23 million — in 25 years, 10 percent of which in the last ten years alone.Only 16.2 percent of today’s EU population is less than 14 years old, while one sixth (16.6 percent) is 65 years or more. In addition one out of every 25 EU citizens is over 80 years old.Italy has the least young people (14.2%) and one out of every five Italians is more than 65 years old. At the other end of the scale, Ireland has the most youngsters (20.7%), according to a recently-released report by the Institute for Family Policies based in Spain.