The average expected decline for all OECD countries is 10 percent, according to the report.
Experts said the drop would have a huge impact on the financing of Poland’s pension system, the labour market, production and economic growth.
At present, there are 31 seniors for every 100 people of working age in OECD countries. In 40 years, there will be almost twice as many older people (58 per 100), the report said.
In Poland, there will be more than 70 seniors per 100 people of working age in 2060, according to the report by the Organisation for Economic Co-operation and Development.
Forecasts are direr for only six countries, Japan, South Korea, Spain, Portugal, Greece and Italy.
In 2017, Poland’s ruling conservatives lowered the retirement age to 60 years for women and 65 years for men, reversing a 2012 reform by the previous government that would have ultimately increased the retirement age to 67 for both sexes.
(aba/gs)
Source: Business Insider