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How many elderly are in NZ? A look at recent population data

1 min read

As of June 2024, there were approximately 897,300 people aged 65 and over in New Zealand, making up a significant portion of the total population. This figure is part of a steady and notable demographic shift, with the number of elderly continuing to increase, prompting significant social and economic considerations for the country.

Quick Summary

The population of New Zealanders aged 65 and over is steadily growing, with data from 2024 showing nearly 900,000 individuals in this age bracket. This trend is driven by lower fertility rates and increased life expectancy. Projections show a doubling of this demographic over the coming decades, creating major policy and social challenges.

Key Points

  • Current Population: As of June 2024, approximately 897,300 people in New Zealand were aged 65 or over.

  • Future Projections: Stats NZ projects the population aged 65+ to reach 1 million by 2028 and to increase significantly over the following decades, potentially comprising a quarter of the total population by the 2050s.

  • Key Drivers: The aging trend is caused by a combination of increasing life expectancy and declining fertility rates, a pattern seen across many developed nations.

  • Societal Impact: This demographic shift affects healthcare demands, the housing market, workforce dynamics, and the long-term sustainability of the public superannuation system.

  • Vulnerability & Need: Some older New Zealanders face increased vulnerability, and social agencies are using data to inform policy and support initiatives for this group.

In This Article

New Zealand's Aging Population: Current Statistics

New Zealand's population is undergoing a significant demographic shift towards an older age structure, as highlighted by official statistics from Stats NZ. The number of people aged 65 and over has been consistently rising, influenced by the aging of the baby boomer generation and increased life expectancies. For detailed information on the current percentage and factors contributing to population aging, including ethnic variations, please refer to {Link: Stats NZ https://www.stats.govt.nz/information-releases/national-population-projections-2024base2078/} and {Link: OECD website https://www.oecd.org/en/publications/well-being-knowledge-exchange-platform-kep_93d45d63-en/new-zealand-s-data-explorer-on-the-well-being-of-older-people-65-years_aeb66cd6-en.html}.

Future Projections and Implications

Stats NZ projections indicate continued rapid growth of the elderly population. This trend will significantly impact social services, the economy, and housing. For a comparison of past and projected population percentages and the resulting impacts on social services and the economy, see {Link: Stats NZ https://www.stats.govt.nz/information-releases/national-population-projections-2024base2078/}.

Conclusion

New Zealand's elderly population is growing due to increased life expectancy and low fertility rates. As of 2024, there are nearly 900,000 individuals aged 65 and over. Projections show this number surpassing one million by 2028 and continuing to rise, significantly changing the country's demographic profile. This demographic shift presents challenges and opportunities for social policy, public services, and economic planning, requiring proactive measures to ensure the well-being of all New Zealanders.

Further reading: New Zealand's aging population: a critical review of challenges and solutions

Frequently Asked Questions

The most recent national population projections for New Zealand indicate that people aged 65 and over made up about 17% of the total population as of 2024.

Yes, national population projections from Stats NZ show a continuing increase. The population aged 65 and over is projected to grow to over 1 million by 2028 and could eventually account for nearly a quarter of the total population by the 2050s.

The main drivers are longer life expectancies due to advancements in health and living standards, coupled with declining fertility rates. This means people are living longer, and the proportion of the population that is older is growing relative to younger generations.

An aging population can place greater pressure on the economy. With a larger proportion of retirees relying on government superannuation and health services, there is a smaller proportion of the working-age population to support them, which can impact tax bases and social spending.

Yes, older Māori and Pacific peoples are included in overall elderly statistics, but it is important to note that these groups have different life expectancy trends due to historic health inequities. For analytical purposes, the age threshold for 'older' Māori is sometimes considered 55 to reflect these health disparities.

The healthcare system will need to adapt to an increased demand for services, particularly for age-related chronic illnesses. This includes managing complex conditions and comorbidities, with a greater emphasis on community-based care and support.

As the population ages, there is an increased demand for accessible and secure housing options that support independence. This includes demand for retirement villages, smaller homes, and 'ageing in place' policies that provide in-home support.

References

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Medical Disclaimer

This content is for informational purposes only and should not replace professional medical advice. Always consult a qualified healthcare provider regarding personal health decisions.