By 2050, it is projected there will be nearly as many people ages 60 and over as children under 15.
If you turn 60 today, congratulations: You’ve just joined a very large fraternity. There are roughly 868 million people in their sixth decade, comprising nearly 12 percent of the world’s population. By 2050, it is projected there will be nearly as many people ages 60 and over as children under 15. Where in the world is the best place to live out your senior years?
The Global AgeWatch Index 2014 recommends Norway as the best country in which to grow old. If you want to live long and prosper, best stay away from Afghanistan, which is ranked last on the Index’s rank of 96 countries according to the social and economic wellbeing of older people. The United States is ranked No. 8, immediately behind the Netherlands and Iceland. The top five countries ranked the best in which to grow old are:
With the exception of Japan (No. 9), each of the countries ranked in top 10 are in Western Europe, North America and Australasia.
The Global AgeWatch Index rates each country on four general factors important to an aging population: supporting income security, fostering good health, employment and education, and the overall environment for older residents.
All regions are represented in the countries ranked in the lowest quarter, with African countries making up half of those with low income security rankings and poor health results, the report states. The 10 worst countries in which to grow old are:
94: West Bank & Gaza
Pensions are a focus of this year’s Global AgeWatch Index, and advocates for their adoption to help older people remain engaged and independent in their later years.Bolivia, Peru and Mexico rate special mention in the report for their initiatives to extend pension coverage to the elderly who did not contribute to such plans when they were younger.
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.