According to a study conducted by New York-based NGO ‘HelpAge International’, Greece is a ‘demographic ticking time bomb’. The data published in Greek newspaper ‘Kathmerini’ revealed that the population of Greece is ageing at an alarming rate, while it is turning into one of the most dangerous place for pensioners to live in. In 2030 one in three Greeks will be a pensioner, while by 2050 the ratio is expected to have accelerated even more. Greece is ranked among the top 6 countries with the fastest ageing populations along with Italy, Portugal, Spain, Japan and South Korea. By 2050 40.8% of its population will be over 60 years old. Due to the crushing economic conditions it has been experiencing over the past 5 years, Greece is considered among the worse for older people to live, ranked 79th from 96 countries included in the study.