Older residents of the state of California, meaning those aged 65 or older, made up roughly 14% of the state’s population in 2020. That figure is poised to rise to 22% by 2040, marking a 59% increase, while the number of residents between the ages of 20-64 is projected to remain largely unchanged during that period.
However, the range of people between the ages of 0 and 17 will also drop by 24% during that time, resulting “in an old-age dependency ratio of 38 older adults per 100 working-age adults, up from 24 in 2020” according to details ⇒
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