Aging Of The Us Population Analysis

In general, countries experiencing high fertility and rapid population growth, have a “young” population structure and the important policy considerations are if there are enough schools and, sufficient jobs and housing to accommodate this population. Countries with “old” population structures face the problems of structuring and developing retirement and health systems to serve this older population and also they have a considerable reduction the number of the working force. The decline of the work force is one of the most dramatic economic tendencies of the past four decades in the United States. The individual’s decision of whether to stay in the workforce or to retire is based on the collaboration of a number of factors including the following: eligibility for Social Security benefits, availability of and benefits under an employer-financed pension plan, work

In his article “Will America Grow Up Before It Grows Old?” P.G. Peterson writes about the challenges that U.S. population will be experiencing by 2050. (Peterson, 2015) P.G. Peterson argues that the proportion of the aging population to the younger population will impact the allocation of the scarce resources. (Peterson, 2015) I agree with P.G. Peterson that the young and old will be forced to compete for the resources.

As this population called the baby boomers age, will affect us economical because we have to provide more nursing homes and have to have more people to take care of them. Another economically change comes from them retiring and organization having to find people to fill their positions. This create more jobs in the market.

Throughout the world and throughout history, the young have always outnumbered the elderly. Over the next 40 years this will change. The population over 60 will grow by one billion to a total of two billion. For the first time in human history there will be more people over 60 than under 15. One in every five people will be elderly. In 1950 there were twelve working people for every elderly person, today nine working people and in 2050 4 working people. More money will go out and less money will come in. (HelpAge International, 2014) Economies will face a change in terms of growth, savings, debts, investment, consumption, labor markets, pensions and taxation. Social impacts will consist of changes in family composition, living arrangements,

Despite the challenges of an ageing population, the elderly can present many benefits to society through various ways. By increasing life expectancy, people will be living for longer. This is a very important benefit as they can be enjoying a longer and healthier life. Moreover, many elderly have the ability to continue to work. Therefore, it is important to provide them with choice to work for longer years if they are able to. This will benefit society as they are more experienced and often have better knowledge compared to younger people. This is more likely to improve the economy (not as some may have thought).

Many believe that the aging population is a big crisis. Aging population does put pressure on the government limiting financial resources particularly in the healthcare system. Half of the healthcare system is used by seniors and it is expected to grow. (In-text citation)

This demographic trend deflects on the stabilization; decline and fall in the United Sates rates in fertility since the generation of the baby boom are given birth. More importantly this demographic trend speculates on the secular increase in the life expectancy and entry of the large baby boom cohort joining in to the normal projected age of retirement that is between 2010 and 2030. The census bureau expects arise of the share population over 65 after the 21st decade short pause (from 13% presently to 20% by 2050 and 23% in 2100).

Statistics show that there has been an increase in a number of elderly people as par the census over time. NCEA (n.d.) projects that the elderly population is to continue increasing in 2050 up to a value above 20% of the total population. The increment has been realized straight from 1990’s and the graph has continued with the upward trend.

Population ageing is currently one of the most significant demographic trends and becoming a worldwide problem especially among the elderly who are often the most recognized and forgotten group in this analysis. Significant demographic trends concerning the aging population of U.S. from 1950 to 2050 (JACOBSEN). They are recognized as the ’elder’ the wisest, and perhaps the most knowledgeable about life and its experiences. This population however, is forgotten in terms of the respect and value it once contributed to society. And in today’s world this group is often marginalized because of age. The older they get, the more useless they become in the eyes of society and thus this attitude viewed towards the elderly leads to neglect and abuse. They are therefore excluded from the active participation, and decision making in society. This isolated group is thus discriminated against on the basis of age and gender which can be referred to factors such as ageism and sexism. Nevertheless, these factors not only attribute to elder abuse but are viewed differently within subcultures. Therefore, it is important to examine why elder abuse occurs and what are its consequences in the context of human rights agenda.

In 2015 Moody and Sasser reported: “For society, the decline in labor force participation represents a loss of productivity by older people - a group that, on average, is now living longer, is better educated, and is in better health than ever before’” (p. 391).

Regarding a dearth in the working population, an aging population significantly reduces the size of the labour force in a city. With reference to figure 1, which is about the percentage of total population age sixty-five and older and age eighty and older in eight countries from 1980 to 2020, the table shown that the increasing percentage of old people among three countries: Japan, Canada and Australia raised highly than other countries in comparison. Japan had the highest increase by 89% and followed by Canada (36%) and 26% in Australia. The increasing elderly indicates a larger number of retired people. It implies that adults have to work even harder to financially support the entire population, resulting in an escalating dependency ratio in the sense that “an increase in the ratio is understood to mean a growing burden on each person in the workforce

Since the desire of immortality may cause economic problems for both people and countries, this idea must be given up immediately. Currently, one of the global issues that governments are striving is that the older generations become predominant numerically in the societies. Even though Japan, Australia or Scandinavian countries are the most developed places in the world, the main obstacle in front of the growth of these countries is the economic problems of having older populations (“Population Challenges and Development Goals”, 2005). As the number of older people increases, the economy is losing its dynamism since the

Older people have higher accumulated savings per head than younger people, but spend less on consumer goods. Depending on the age ranges at which the changes occur, an ageing population may thus result in lower interest rates and the economic benefits of lower inflation. Some economists (Japan) see advantages in such changes, notably the opportunity to progress automation and technological development without causing unemployment. They emphasize a shift from GDP to personal well-being. Besides that, population ageing increases some expenditure for the society, which including some met from public finances. Nowadays, health care and retirement fund have become the largest area of expenditure in many countries, even in some European countries can not afford this expenses. As a result for it , the government have to choose between higher taxes from earning to consumption and a reduced government role in providing health role. On the other hand, ageing society provides fortune and opportunity as well. An ageing population may provide incentive for technological progress, as some hypothesise the effect of a shrinking workforce may be offset by technological unemployment or productivity

Over the years, there have been major shifts within the United States in regards to its population. Statisticians have estimated that 20% of the population will be 65 years of age and older. There is an even

A drop in net immigration to the United States is a key factor that has contributed to the aging of the US population. According to the U.S. census Bureau, “there have been a drop in immigration levels in the United States”, which, mean that a smaller share of U.S. population growth can directly attribute to immigration similar to natural increase these can also be related to jobs losses that are normally filled by immigrants such as construction jobs, and manufacturing jobs. Declining fertility rates are also a key factor in the United States. “In the past the 18 and under have exceeded the 65 and older, but now have declined by 190,000 per the Census Bureau in 2010 and 2011 while the elderly have increased by 917,000. Working-age adults, and those in childbearing ages, is also down”. There is also a decline in fertility rates as well, they estimated 4 billion birth between 2010 and 2011 which is down from the 4.2 that was between 2005 and 2006.