According to the National Development Council of Taiwan (NDC), the nation's population could start shrinking by 2022 and the number of people of working age could fall 10% by 2027. About half of Taiwanese would be aged 50 or over by 2034. At the current rate, Taiwan is set to transition from an aged to super-aged society, where 21% of the population is over 65 years of age, in eight years, compared to seven years for Singapore, eight years for South Korea, 11 years for Japan, 14 for the United States, 29 for France, and 51 for the United Kingdom.