Austria’s Old Age Burden


 
The size of Austria’s workforce has been dwindling over recent years, like in many EU countries, due to its fertility rate being sub-replacement for many decades [subscriber only: The EU Faces Serious Depopulation, Starting Now]. As retirees live increasingly longer, and there are fewer working-age taxpayers to support them, a generational tax burden is emerging.

Number of Workers to each Dependent (65+) in Austria and across the EU
The working-age population represents those aged 15 to 64. Period: 1950-2050.
Austria’s Old Age Burden




Austria’s working-age population will continue to shrink unless unpopular policies, such as allowing mass immigration or sharply raising the retirement age, are employed [subscriber only: Without Migration the Workforce of Many Countries will Dramatically Shrink]. This demographic trend will become increasingly unsustainable, because the 65+ cohort cost Governments more than any other age group [subscriber only: ‘The Alarming Cost of Aging Demographics’]. This is leading to an unsustainable generational tax burden on the workforce.

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