Dependency Ratio: The dependency ratio measures the number of dependents (children and elderly) compared to the working-age population. It helps understand the economic impact of population aging.
Silver Tsunami: This term describes the wave of aging baby boomers who are reaching retirement age, leading to significant changes in social services and healthcare systems.
Elderly Support Ratio: The elderly support ratio calculates how many working-age individuals are available to support each elderly person, indicating potential strains on social welfare systems.