It is expected in the near future that there will be a higher proportion of old people compared to younger population in some countries. 🔸Is it a positive or negative development? Give your opinion and examples.

It is not beyond the belief that

aging

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the aging population

an aging population

population

is increasing in many countries in the Near future since the rate of

population

growth does not keep pace with mortality rate. In

this

essay I am going to discuss and evaluate both merits and demerits of

this

case. One economic advantage is that retired

population

receives more disposable income,

hence

they are more prone to spend money on goods and services, and

consequently

it increases the gross domestic product. As well as

this

, to some extent elderly individuals can improve social welfare as they have more free time to participate in voluntary tasks in local places

such

as charity shops and leisure

centers

an area that is approximately central within some larger region

centre

.

On the other hand

voluntary works done by retired people can be considered as a drawback as well since it can cause some social problems as it decreases the opportunity

of

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for

young people for finding

job

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jobs

because

old

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older

individuals have not to be paid despite young people that have to be.

Moreover elderly

Accept comma addition

Moreover, elderly

individuals use

healthcare

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health care

more frequently.

Hence

the

government

should allocate more budgets in

this

section.

As a result

other areas which

government

should invest in do not get adequate investment which can be considered as a social problem. One economical disadvantage is that elderly individuals are not working anymore, so they don’t contribute economically to the society they live in.

obviously

Suggestion

Obviously

the smaller workforce

reduce

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reduces

the gross domestic product. Another drawback of aging

population

is the heavy strain on housing.

This

is because the

elderly individuals

Accept comma addition

elderly, individuals

need assisted living which cost too much for the

government

and the

government

is likely to cut the budget of the other sections to afford

such

a housing that in turn can lead to

social problem

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social problems

a social problem

the social problem

. In conclusion, looking around advantages and disadvantages, it

provides

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has provided

more disadvantages since totally it

affect

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affects

economy

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the economy

negatively by reducing the gross domestic product and ultimately reducing social welfare.