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Taiwan entering quickly aging decade: development council
Central News Agency
2014-08-18 10:58 PM
Taipei, Aug. 18 (CNA) Taiwan's population will peak within the next 12 years and then decline dramatically with consequences for society that badly need to be addressed, according to a national population estimate for 2014-2061 released Monday. In its report, the National Development Council said the fastest growing period for senior citizens will be from 2014 to 2025 as baby boomers reach retirement age. Taiwan's population will peak at around 23.5 million or 23.6 million between 2019 and 2026, according to Huang Wan-hsiang, the council's deputy chief. Taiwan's working age population (age 15 to 64) will reach its peak of 17.37 million in 2015 and then steadily decline, Huang said. The report said Taiwan became an aging society -- in which people 65 or older account for at least 7 percent of the population -- in 1993, and will become an aged society (14 percent) in 2018 and a super-aged society (20 percent) in 2025, according to the estimate. Senior citizens will account for 43.2 percent of Taiwanese society in 2061, the report projected. Taiwan's dependency ratio, the ratio of those under the age 15 and over the age of 64 compared to those of working age, will rise to an ominous 0.99:1 in 2061, from 0.35:1 in 2014, according to the report. Huang said government agencies need to draft a population policy and measures to cope with the impact of population decline, because Taiwan's aged society will adversely influence economic development, national security and government administration. (By Huang Chiao-wen and Kuo Chung-han)
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