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STRATA senior policy analyst Indr policy Pusevaitė says that by 2050, more than half of the Lithuanian population will participate in the “silver economy”, aged 50 and over, but the country does not have a plan on how to prepare for it.
“After the analysis, we see that currently the state does not have (…) a program that allows it to face the challenges ahead and take advantage of the opportunities. There are different programs and instruments, but they are all broken down into programs of different levels of importance and duration, and funding is broken down as well. It would be in the state’s great interest to choose such a strategy and implement it, “I. Pusevaitė said at a press conference on Thursday.
According to her, care must be taken to extend healthy life expectancy, change lifestyles and expand the culture of lifelong learning. Furthermore, an aging society is often seen as challenging, even though it is shaping new markets for goods and services and creating new labor market models.
“In the public space, too often we focus only on the financial pressure of constraints and talk too little about opportunities,” said I. Pusevaitė.
The European Commission predicts that in three decades the average age of the Lithuanian population will reach 51 years and will be almost 7 years higher than today. Then only Italians, Portuguese and Croats will be older than Lithuanians.
At that time, in 1990, the median age in Lithuania was 33 and the country’s population was one of the six youngest in Europe.
From 1990 to 2019, the Lithuanian population decreased by almost 1 million. – up to 2.8 million population, the average age increased from 11 to 44 years. This means that half of the country’s population is over 44 years old.
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