The Aging Population In The US

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While the US and Australia have strong economies, their population varies enormously, impacting on their economic growth. America's burgeoning population of 318.9 million highlights that there will be a high demand for health care and services, resulting in the US government spending even more for health care. The US government already spends $9,086 per person on healthcare annually, which is 50% more than Australia. Moreover, the working age population in the US, which is defined as the people between the age of 15-65 years, is estimated to grow annually by only 33%. Similarly, it is estimated by 2020 that the working age population of Australia (currently 67%) will also drop by 1%. The slow growth in the working age population will lead to
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