preview

The Aging Population In The US

Decent Essays
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
Get Access