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there are seven point six billion people in the world today two-thirds are in the working ages usually defined as those between ages 15 and 64 children ages 0 to 14 and those ages 65 and older make up one-third but the share of the population in each age group referred to as the population age structure is changing countries experience changes in population age structure at different times and rates but whenever and however age structure changes occur they have important social economic and political effects since 1960 the share of children ages 0 to 14 has declined from 37 to 26 percent of the total population during the same period the share of older adults ages 65 and over increased from 5 to 9 percent and projections show that older adults will make up 16% of the global population by 2050 we refer to this shift towards a population with a larger share of older adults as population aging age structure change occurs in the long term shift from high to low mortality and fertility als