Europe

Aging is a “worry”

Cyprus’ population is aging at a worrying pace, with more people aged 65 and over now outnumbering those under 15, MP said.

This creates a huge tax burden in the future for those working to care for the elderly.

At a meeting of the House Committee to examine the island’s demographics, the MP said the latest census shows that citizens aged 65 and over will make up 16.7% of the population in 2021, compared to 13.3% in 2011. I have been told.

On the other hand, the percentage of people under the age of 15 is went down a little It will increase from 16.1% to 15.9% in 2021.

As the cost of living continues to rise, Cyprus’ population aging is attributed to life expectancy rising to 80.98 years (2019) and couples’ unwillingness to have more than two children .

On average, women give birth to their first child at age 30, compared to just 10 years ago at 24.

A finance ministry official told parliamentarians the number of Cypriot households was declining.

According to the latest census, the average household size has fallen from 2.8 in 2011 to 2.6 in 2021.

In the decade between the two census, Cyprus’ population increased by 193,000, again due to the presence of foreigners.

In Paphos, the population increased by 38%.

Planned Parenthood Association’s Demetris Purperis says to reverse the trend of declining birthrates: infrastructure We also need to take action to support families, such as implementing full-time schools.

He added that while giving allowances goes a long way toward encouraging families to have children, the government needs to listen to their concerns in this era of high inflation and challenges.

 

post Aging is a “worry” first appeared financial mirror.

https://www.financialmirror.com/2022/09/22/ageing-population-is-worrying/ Aging is a “worry”

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