It is expected in the near future that there will be a higher proportion of old people compared to the younger population in some countries.

It is no doubt that in the not too distant future we come across with a rise of the ageing
population
in some parts of the world, and the number of old people is anticipated to be greater than the younger
population
in
such
countries. In my opinion,
this
trend, in turn, has its profound implications causing damage because of the following reasons. There are many economic issues associated with the ageing
population
. As the senior citizens are beginning to represent the majority of the
population
, participation in the workplace declines.
Hence
, the number of people passing the age of retirement contributes to an increase in dependency rates. Due to a lack of
workforce
, the working-age
population
has to bear a heavy financial burden and the economic growth will slow.
In addition
, the greater longevity of the ageing
population
, the greater amount of money has to be allocated to the health care system. The authorities would claim more money by putting up taxes to spend on their treatment, which increases the fiscal gap. Apart from financial issues, the ageing
population
will have disastrous impacts on the
industry
, as the professional
workforce
will be lost when senior employees retire. In order to fill these vacancies, as many new recruits are required. Due to the shortage of new recruits, there will be nobody available to replace those
retirings
not arrogant or presuming
retiring
.
Moreover
, The ageing
population
could cause the
industry
to lose its valuable
workforce
. Older workers are counted as teaching resources in the
industry
because they use their professional expertise to help newcomers develop. The ageing
population
could cause the
industry
to lose its valuable
workforce
. To sum up, I would admit that an incremental increase in the number of baby boomers
bring
Suggestion
brings
about inevitable consequences, ranging from social to economic issues.
Submitted by shayansa44 on

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