5 Countries with the Oldest Populations in the World

4. Greece

Percentage of Population Aged 65+: 21.8%

According to a recent study on 81 countries by S&P Global, Greece is the only one that is expected to spend less by 2060 on its aging population. However, despite the reduced spending on pensions, the elderly will account for a very large percentage of total spending – 61.5% – with spending on healthcare to be at around 32% and the rest on long-term care. This will result in a poor quality of life for the elderly and an even weaker welfare state than today’s.