SEOUL TO HAVE JUST TWO WORKERS TO SUPPORT ONE ELDERLY PERSON BY 2039 - 0 views
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Ranny Stunning on 15 Sep 12An average of two Seoul citizens would have to work to support one elderly by 2039 amid the falling birth rate and rising life expectancy, statistics showed Wednesday. Statistics data from the Seoul Metropolitan Government predicts that in 27 years, the working-age population between 15 and 64 would drop 26 percent to 5.99 million and senior citizens aged 65 and over are expected to grow 172 percent to 2.95 million. Currently an average of 7.4 working people support each senior citizen. The demographic change is feared to squeeze the city's workforce, threatening growth and pension systems. The data based on a survey by the Statistics Korea also indicated that the number of youth aged 1 to 14 is forecast to decrease by 25 percent to 1.03 million.