The average length of time someone today is expected to live; the average age a new-born baby born today would reach, assuming mortality rates remain the same as they are now
Leads to problems relating to health and social care, and paying for it, as care for the elderly is increasingly self-funded rather than provided by the NHS
Increasingly, older people (particularly baby boomers) are a prosperous section of society, rather than the dependent and poor section described previously
Net migration can help reduce the impact of the ageing population on the dependency ratio, if there is a sufficient supply of working age migrants paying taxes
Recent migrant women have a higher fertility rate than the average, which initially increases the dependency ratio but may ultimately reduce the extent of the ageing population
The problems of an ageing population are as much to do with social policy decisions as demographic trends, such as women living longer but having smaller pensions
In a postmodern consumer society, older adults with disposable income and leisure time are an important demographic, with products marketed directly at them