Exhibit 6

Projected Dependency Trends in European Union Countries vs. U.S.
(Population Aged 65 and over as a Percentage of Population Aged 15-64)


Country
Old Age Dependency Ratios
1990
2040E
Belgium

Denmark

France

Germany

Greece

Ireland

Italy

Luxembourg

Netherlands

Portugal

Spain

U.K.

U.S.

Japan
21.9

22.2

21.9

23.7

20.5

18.4

20.4

20.4

17.4

16.4

17.0

23.5

19.0

22.7
41.5

43.4

39.2

47.1

41.7

27.2

48.4

41.2

48.5

38.9

41.7

39.1

38.5

44.9

                            Source: EUROSTAT, World Bank, OECD and EBRI.