The Benefits Of Aging Population

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?

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

It is widely believed that the aging of the U.S. population is a major driver of the annual growth in the demand for health care and in national health spending

In 1901 just 4.0% of the Australian population were older people and after two decades this has increased to 6.4%. In 2011 the aged population continued to increase and reached 14%. The Australian Bureau of Statistics (Abs.gov.au, 2012) indicates that since the baby boomers are now becoming old, there has been a decrease in fertility rates and an increase in life expectancy. The population of people over 65 years has continued to increase and it is predicted that it will continue to increase for the next 50 years. As people become older they are more susceptible to becoming sick and in need of government benefits. Since there is a major

This effect may last for generations past the baby boomers, as social security benefits rely on taxes, and the large amount of baby boomers have more ability than anyone to deplete these resources for future generations. Improvements in medicine will surely increase how long the average person lives, and it will take an increasing amount of money to anticipate these changes. At the same time, the older a person lives, the more risk they are to needing assistance from other publicly funded services such as caretakers, and also to provide them with the medicine they need to get by.

In Chapter 15: Aging and the Elderly, the U.S. birth rate has been falling for more than a century. It happens because children are more likely to survive into adulthood, and so couple have fewer children. As more women work outside the home, they choose to have fewer children. Greater material wealth and advances in medicine have raised living standards so that people benefit from better housing and more nutrition. The oldest segment of the U.S. population, is increasing rapidly and is already forty times greater than in 1900.

Data from the Census Bureau tell us that in 2015, there are around 47.8 million Americans age 65 and older, up from about 25.5 million just 35 years ago; demographers predict that in another 35 years, there will be nearly 88 million Americans in this age group. The rate of growth of the “oldest old” population—those age 85 and older—is even more dramatic: Their numbers currently stand at approximately 6.3 million, but by 2050, that number will have almost tripled, to 18.7 million Americans. This population explosion is unprecedented in history, and the resulting demographic shift is causing profound social and economic changes.

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

There is no doubt that the ageing population is a subject which has attracted much attention of Governments and communities in the world. Even in Australia, it is considered as one of the most crucial challenges which will have to confront in the next 25 years ( Hugo, 2014). Population ageing is defined as a change in the age structure of a country toward older ages. This is the repercussion of many elements such as the declining fertility rate, baby boom period and advanced technology in medical and healthcare extending longevity.While a number of studies have been done into proving this trend having several negative effects, it can be argued that there are many beneficial impacts both on national economy and society. This essay aims to look at the positive influences of older population on the workforce, then the Australian Government Budget, and finally the community.

* The cost of health care for elderly people is greater than educational costs for the young.  Hence, population aging will eventually place severe strains on government budgets for health care and pension plans, and with fewer workers to pay the taxes.

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.

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

From 1970 to the year 2000, the world's over-60 population is projected to increase by more than 90 percent" . This is an astonishing number, seeming how the total population was predicted to grow by less than 75 percent . "The most prominent feature of the looming shift in the composition of the working-age population is, of course, its increasing age" . It is hard to say what will happen when suddenly there will be an abundance of older people who are preparing to retire.

However, better healthcare and protection from government result in rising age expectancy, which is a double-edged sword as on one hand, people live longer as shown in report (Friedland and Summer, 2005, Fig 1-2) and on the other hand, the proportion of aging population increases if the younger generation are not reproducing enough, and this is exactly the trend now in developed nations. In the

The world’s population is ageing rapidly. Between 2000 and 2050, the proportion of the world's older adults is estimated to double from about 11% to 22%. In absolute terms, this is an expected increase from 605 million to 2 billion people over the age of 60.