Nonagenarian.
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If a person has already had their birthday this year (in 2011) then they were born in 1953.
The person would be 45 years old!
1960
Current Age = Current Year - Year of Birth, if the person has had a birthday in the current year and one year less than that if not.
Well it can be both, it just depends on how the term is being used. You would say "My daughter is 2 years old" or "I have a 2 year old daughter".