"... The challenge of dealing with an aging population - by 2060 in the E.U. the number of 14-year olds and under will have fallen nearly 10 percent, while the number of people over 80 will have tripled – has a social impact as well as a financial one. Old age poverty is a growing phenomenon in the Western world, especially for women who live longer and typically have much smaller pension pots than men at retirement ..." (Quoted from article)