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formula with results from calculations 3. Aging population (Ortman, Velkoff, and Hogan 2014) 1960 = 9.3 percent aged 65 years or older 1995 13.0 percent

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3. Aging population (Ortman, Velkoff, and Hogan 2014) 1960 = 9.3 percent aged 65 years or older 1995 13.0 percent aged 65 years or older 2030* = 20.7 percent aged 65 years or older *projected

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