Ageing Population : The Issue Faced By Majority Of The Nations

1.) What difficulties—from retiring baby boomers in the United States to a graying China, to the massive overhang of Europe’s elderly—can private corporations, governments, and other sectors expect as the aging revolution unfolds across the globe? How will changing demographics affect workforce composition? Retirement age? Pension outlays? Taxation? Immigration? Economic growth? How can governments, corporations, and nongovernmental organizations work together to address these issues?

This essay aims to represent an argument between two view points: to remain in their own homes with ongoing support from families and the health system or going to residential aged care of elderly in Australia. Especially, it deals with the issue of increasing ageing population in Australia includes statistical information highlighting some causes and telltales. The context presented is economic and social. It also looks at the effects that increasing of the ageing population has on society, the individual and the Australian economy.

Seniors, ages 65 and older, are the fastest growing population group in Canada. (“Canada’s aging population,” 2002) Two main causes of the aging of Canada’s population is an increase in life expectancy and the change in fertility rates between the years of 1940’s and 1960’s, this generation is now known as the baby boomers. (“Canada’s aging population,” 2002) In 2001, one out of every eight Canadians was over the age of 65, and it is estimated that by 2026, one in every five Canadians will reach the age of 65 or older. (“Canada’s aging population,” 2002) Moreover, it is estimated that more than 16 million Canadians live with at least one chronic disease. (Singh, Khan & Paul, 2009) In Canada chronic diseases accounted for 89% of deaths in 2005. (Singh, Khan & Paul, 2009) The demographic shift and rise in prevalence of chronic diseases will be a major test for the health care system of Canada which it might not be ready for. Canadians across the nation are forced to wait two or three times longer for necessary medical procedures than citizens of other countries who also have universal healthcare systems. (“Wait Times Alliance,” 2014) In a 2005 poll done by Pollara Strategic Insights, when Canadians were asked what the most serious problem facing the healthcare system was, the highest number of respondents (43%) identified long wait times. (“Waiting Too Long,”

Over the next 50 years ageing baby boomers will have great impact on the Canadian economy in the area of health care. Baby boomers who were born between 1946 and 1964 increased the demand for elementary schools, high schools, post- secondary education and family housing. By 2062 many baby boomers will turn 100, now that they are aging, the demand for health care, death services, retirement homes and medicine is increasing. From 2015 to 2062, there is a predicted cost of $7.2 trillion that will be spent in health care for senior citizens. For funeral services for the baby boomers in 2015, there is an estimated cost of $2.8 trillion, and old pension cost of $1.3 trillion. The senior

Nowadays, the population of Canada is increasing year by year. According to my research, Ontario has 13.5 million populations, which is two fifths of overall and also approximately 1.5 million are older people. Five years later, population of the elderly might up to twice. In another word, Canada will have a tendency of step into the aging society in the future.

Using Item B and elsewhere, assess the view that an ageing population creates problems for society

Maturing of the population is likely a standout among the most examined and debated subjects in Canada today. While a few experts gauge the most noticeably awful as far as expenses to open administrations and work market deficiencies, others contend that Canada is very much prepared to face this social and demographic change - and that individuals shouldn 't stress that much over the developmental rate of seniors in the population.

There is diversity among all Canadian, hence there is differences among the aging population. Not all seniors are aging well and have the appropriate programs and services to meet their needs. Some seniors are victims of abuse and some are living in isolation and poverty. Some seniors suffer from chronic illness and other socio-economic factors limit the amount of money they can put away for retirement. Hence these middle and low income elderly retirees will have to depend mainly on the pension plan that is offered between the age of 60- 65. The age of 60-65 is regarded in Canada as the age of retirement. This paper will focus mainly on the disadvantaged older populations. The disadvantaged older populations are those who are currently

While writing this essay, I have analyzed the strengths and limitations of the policies for the elderly. When I read different articles for writing this essay, I understood that elder abuse in Canada is not considered as a common issue rather ageism is considered as structural violence (Banerjee, Daly, Armstrong, Szebehely, Armstrong & Lafrance, 2012). Also, I understood that the very old with limited or no functional capacity, the poor and women are more vulnerable to ageism and this issue remains as unrecognized and untouched (Donovan & Regehr, 2010)

Canada’s birth rates are below replacement levels and its population is aging, causing a significant drop in labour force growth over the long term. By 2030, nearly one out of every four Canadians will be 65 years or older. Moreover,

The health sector in Canada has experienced a lot of challenges regarding to the seniors who are increasingly coming into being. This has posed a challenge to the Canadian health sector in general, although through proper health strategies the number has posed no challenge to the Canadian government so far. Provisionally, the health sector has taken a different approach in ensuring that the old aged are taken care of appropriately. The analysis of the different provinces strategies is therefore important in ensuring that the sustainability of the old aged population is achieved. According to the national statistics in Canada in 2011, the population of seniors who are aged 65 years and above was 153,705. Nova Cotia had the highest number of seniors totaling 16.5% of the population with Saskatchewan following with a percentage of 14.87%. However, by 2036, it is expected that the Newfoundland and Labrador will have the highest proportion of seniors.

The aging population is growing in Canada with an all-time high of over 4 million in 2010. The elderly population alone requires care for treating chronic diseases such as heart disease, cancer, and diabetes, which require expensive treatments. The number of hospitalizations for such diseases has gone up substantially and is expected to increase. Thus, an increasing aging population will require more and more money from the publicly funded health care budget in the decades to come.

In Canada some of senior policy they have addressed work friendly places for seniors through identifying roles and positions that are able to accommodate their skills. Through increased research material within the workforce Canada has been able to help address unique ways that communities can accommodate and use the skills from the elderly within the work place. Being able to welcome them into the workforce has a wonderful initiative that has improved the financial funding of pension through this policy. Through adjusting actuarial adjustments this strategy has helped reduce the financial burden of maintaining the pensions while providing seniors with a better quality of life through community involvement (GOC, 2018).

Mandatory retirement refers to an organization of the labor market that requires employees to withdraw their services at an arbitrary age and age discrimination refers to social behavior in which age categories are used for the basis of a variety of employment decisions like hiring, promoting, and firing employees (Gillin and Klassen 87). Furthermore, this article examines the health issues and poverty in the older population, and the evolution of social policies, like mandatory retirement and old age security, in Canada.

The reason behind the aging of the Canadian population can be related to three important factors. The first one is the Baby Boom Generation; these people are born between 1946 to 1966.The eldest of these population are approaching their retirement, it created a surge in the total number of aged people in Canada. The second important factor is the new life style that is present in Canada, most people postpone their marriage and many of them are not interested to start a family life.