"The European Commission is warning governments they face lower growth rates and higher spending due to the number of elderly Europeans. A commission report to the 25 EU governments said: "The retirement of the post-war baby-boom generation as of 2010 and continuous increase in life expectancy means Europe will go from having four to only two people of working age for every elderly citizen by 2050.'' The commission said the scale of the challenge was immense ..." (Quoted from article)