stated in 2014 that by 2020 a quarter of the population of Europe would be 60 years or older. This shift in demographics would drastically change the economic, labor market, health care, and social security of Europe.

The Organisation for Economic Co-operation and Development estimates 39% of Europeans between the ages of 55 to 65 work.

Austria's Social Affairs Minister said in 2006 that, by 2010, the 55- to 64-year-old age bracket in the European Union

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