What Causes Aging Population Of Hong Kong And How Has It Affected Economics?

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?

Between 2000 and 2050, the number of ageing population will increase by 135% During this time period, the proportion of the population that is over the age of 65 will increase from 12.7% in

According to the recent studies the older people as compared to the youth are becoming more economically and demographically attractive. However, there are costs of an aging population that the society bears as a whole. (Andrews, 2009)

There are many different problems that an ageing population creates for society. There are many reasons why there is an increase in the ageing population, as Item B states “In common with many western societies, the United Kingdom has an ageing population. Rising life expectancy and a relatively low birth rate have meant that the average age of the population is rising”. Also the decline in fertility has led to an increased amount of people who are over the age of 65 and this poses many different issues within society.

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.

In this paper it will be argued that the aging of the Canadian population that is a result of the aging of the baby boomers is a

It cost roughly $245,000 to $304,000 dollars to raise a kid from newborn to 18 years old. That is a lot of money to raise a kid so if you aren't in any way shape or form ready for that commitment you do not need to have a kid. The fact of it costing $245,000 to $304,000 dollars is based off of 3 meals a day clothes, shelter, and other physical health and educational needs. There is an average spot in between those two numbers and its roughy $262 thousand dollars to raise an ordinary

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

At present time, Canada is facing a significant demographic transition in its population. From last century, the decrease in mortality, fertility and the increase in life expectancy lead to vast changes in Canada’s population. Aging of Canada’s population becomes more and more severer. This research paper is to study the correlation between demographic transition in Canada and how does the transition impact on economic growth. To be more specifically, demographics variables can include life expectancy, fertility and mortality; economic growth variables can include labour force and public expenditure.

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.

102). “Reaching old age means living with less income” or that’s what it used to mean. In the United States elderly has had a 45% increase in income leading them to not only having less elders be poor but having greater gains than young adults (Macionis, 2014, pg. 104). One of the main reason as to why the elderly population has grown massively over the last few years and will continue to grow is primarily because of the “baby boomers.” With these Baby Boomers getting close to the age cap of becoming an elder the populations’ growth will increase the problem of Ageism.

In 2017, the world population is at 7.5 billion people. China is the most populated country in whole world. It has “1.379 billion” (Google) people making it the largest populated country. China is also the most largest aging population making it have a high life expectancy and the high accelerating aging rate in the world (Zheng, 2012). China has advanced with technology and also with age. Only “three decades ago, only 5 percent of the populations was over 65; today, 123 million people, or 9 percent of the population, are over this age which a report released by the government states that China will be the world's’ most aged society in 2030” (Huang, 2013). Since, China is the most largest aging population this means that less people are dying and more are living. Since, more people are living this means that need of long-term care, health insurance, adjustment of policies and how to make everyone comfortable living. China is the only country that has an older population exceeding 100 million and annually increases at a rate of 3.2. A dependent territory of China is Hong kong that has “7.347 million people” (Google). Hong kong also has a fast growing aged population. Hong kong is also trying to adjust their long-term care system, pensions system and policies to accommodate everyone living situation.

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.