The increase of social expenditure will be significant till 2050 (10/07/2024)

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The ageing of the population will raise social expenditure from 25,8% of GDP in 2023 to 29,6% in 2050, to finally reach 30,0% in 2070. Elderly people and pensioners face a larger financial risk of poverty than the rest of the population. However, this at-risk-of-poverty rate is strongly reduced when the ownership of the home is taking into account. These are the findings of the Annual Report 2024 of the Study Committee on Ageing.