Koreas Aging Society

Because the Korean pension system is still relatively young and underdeveloped, its elderly poverty rate is higher than in other OECD nations. In most OECD nations, poverty among the elderly dropped sharply as pension systems matured. The rate in Korea is currently much higher than the rates for other population groups. Korea’s elderly poverty rate stands at 45.1% compared to a 13.5%, average for the 30 countries of the OECD. For those countries, poverty among the elderly dropped sharply from the 1980s onward, with the rate for those aged 66-75 falling below that of children and young adults. Social issues such as the high suicide rate among the elderly have led to a widespread perception of the need for a community-level response to poverty among the elderly.

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

Ageing population is a worldwide pattern; it has major implications for the way in which programs designed to support older people are funded. While social security and means-tested social assistance programs for long-term care protect the living standards of the poor, middle income groups face under-appreciated risks, such as outliving their capital or needing expensive long-term care. This will cause economic, social, and political implications of a rapidly ageing population, which will affect society and businesses.

The worker at the age of 60 or 70 and some politicians who can worker until their eighties, the age up to 60 years are the age for the worker to pension from their work because the old ones should have problem in health and the decrease of performance. The worker of the age of 80 mostly work as politicion that enjoying power well, because they are not need to work harder, there are a lot of labor and guardian that can help their work, some politicians used their glory to handle their job without work. The old ones should not be encouraged to remain in paid employment.

While these aspects of society certainly do impact a nation with a growing older population, they are not the most problematic. Financial instability of the country should not be the spotlight of concern, but as people are living longer, people should be more concerned with that the typical life should look different in the future. With this in mind, the article proposes other areas of concern: lack of incentive for volunteering, little to no new education for older adults, and massive technological change with no way for older generations to learn how to use it. If these areas are not provided with change, it will ultimately lead to economic hardship for the elderly, due to the lack of new education and technological knowledge, which would, in turn, able them to work longer. If older generations were able to stay in the workforce longer, our aging society, which people believe may eventually not have a large enough work force, would be able to avoid this presumed

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).

There will be as many of us age 85 as there are under five, meaning that there will be a lot less people working to aid the large amount of retiring men and women. Well, how could one solve this situation? We have to work more efficiently! We're already working towards a solution, with advancements in technology for cheaper and more effective machines which require much less human input.

The world population is growing older; it is going to have an enormous impact on public and private interests. Between 2012-2050, the United States will experience considerable growth in its more elderly population. The US Census project that by the year 2030 the population of individuals aged 65 and over will be reached approximately 73 billion. It generates social and economic difficulties such as the tendency of economic growth, the workforce, health care system, immigration, and pension system (Ortman et al).

Besides increasing the tax, the government could possibly raise the age that people are eligible to receive benefits. It is proposed to raise the retirement age to 70 by 2029 and the early retirement age to 65 by 2017. After that, they would increase the age of retirement to correspond with the rise in life expectancy. Raising the age

As Schottland (1963) describes how, allowing older workers to retire allows for citizens who are just joining the work force and/or people looking for promotions gain their opportunity like the people before them. This system continuously gives workers morale, giving them support by showing them that they could possibly earn more money or be promoted to a better position. When workers have an incentive to work they will work more efficiently and without problem.

The author shares that normally a population forms a triangle with the younger adults serving as the broad base and older adults as the tip of the pyramid, which leaves an adequate quantity of wage-earning young adult taxpayers to support the smaller number of older adults (Wright, 2005). He says when older adults outnumber young adult taxpayers or, when the age structure is inverted, social disaster can quickly follow (Wright, 2005). This critical issue will not only

Gradually, the Social Security Administration has grappled to accommodate a host of novel demographic trends, namely those impacting the retirement sector of the American population. Continuously, with advances in the medical realm, the senior population is steadily extending its lifespan, and thus, retirement altogether, introducing a wealth of new economic considerations. As human longevity increases, the Social Security system proves increasingly unsustainable, specifically in the pension department-among other areas. As workforce involvement declines with age, the budgetary deficit and low supplementary funding plague the social security system. Unless crucial economic reforms are made, the present rate of pension disbursement will

Culture is the set of shared attitudes, beliefs, values, goals and practices that characterizes a group. (ALHT 109-105 Cultural Diversity PowerPoint) The purpose of this paper is to provide information about the Korean family structure, religious beliefs, personal space and health care beliefs. Korean’s family structure is well oriented. Traditionally, children become indebted to their parents once born. Many beliefs lie behind filial duty; meaning you treat your parents with respect and see your father as the decision maker. Since the Korean war, people have drifted from filial piety to becoming more nuclear. Children are raised to be more dependent. Both parents play roles in discipline. Most Korean parents are dedicated to their children’s

Aging is the length of time during which a being or thing has existed length of life (Webster dictionary). Growing old and becoming an elderly person can be challenging but, yet it can be very rewarding, it can bring a lot of good and bad. Aging has its rewards, but it presents the challenges of all stages of life. Growing old consist of gradual, ongoing changes in the body, changes such as shrinking in height in which the elderly tends to get shorter as he or she age. Elderly people tends to have less appetite which causes them to lose weight, and a decline in strength and vitality, which can sometimes make them

The increase in life expectancy is partially to blame for the increase in elderly citizens, as there are now better medicines and medical procedures to cure ailments which could have easily killed a person 10 or 20 years ago. As Levine said, "There are more elderly and a larger proportion of elderly in the population now than ever before in the history of the world, and individuals live longer and have a longer span of healthy, vigorous life than ever before" . We have to prepare, not only to have more aged people in the work force, but also to have adequate pensions and supplements to aid these people when they do retire.