The Challenges of Sri Lanka's Ageing Population: Economic, Health, and Social Struggles

Sri Lanka is facing a significant demographic shift as its population ages rapidly. Currently, about 12.3% to 12.4% of the population is over 60 years old, but this figure is projected to rise dramatically to 22% by 2037 and potentially reach 25% by 2041 . This rapid aging poses substantial economic, healthcare, and social challenges for senior citizens, exacerbated by the ongoing economic crisis. Economic Vulnerability Senior citizens in Sri Lanka face higher poverty rates compared to other age groups. Limited coverage of social protection programs and pension schemes, particularly for those in the informal sector, further exacerbates their economic vulnerability. The economic crisis has severely impacted their income security, with many struggling to afford basic necessities due to inflation and shortages. Those who worked in the private sector or informal sectors are particularly affected, as they often rely on dwindling savings to survive. Healthcare Challenges Access to healt...