What is the elderly dependency ratio?

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What is the elderly dependency ratio?

The elderly dependency ratio is a demographic indicator that measures the number of elderly people (typically defined as those aged 65 and older) in relation to the working-age population (typically defined as those aged 15-64). It is calculated by dividing the number of elderly people by the number of working-age people and multiplying by 100. This ratio provides insights into the potential burden on the working-age population to support and care for the elderly.