in many countries, the average life expectancy has been increasing. What problem will this cause for individuals and for society as a whole? Suggest some solutions.
According to statistics, at least
for
some developed countries, Suggestion
in
life
expectancy
experiencing a rising trend. Even though, this
change is to be assumed as a positive sign of better overall health
and life
condition, still there are some backlashes. describing
Suggestion
Describing
number
of drawbacks of Suggestion
a number
this
trend, such
as post retirement
services needed and the decline in overall production which may lead to lower GDP, some solutions which may be duly applicable are presented in this
essay.
Indeed, an increase in overall life
expectancy
is a positive factor in a society which shows a strong and healthy lifestyle accompanied with appropriate economic and social support. However
, the change also
can be translated to higher number
of retired people who served in the society and would require economic and social care privileges Suggestion
the higher number
such
as a sufficient retirement
payment as well as health
insurance
support. As an example, economy
of the countries like Japan in which people are expected to live longer, shall carry the burden Suggestion
economies
the economy
of
the Suggestion
on
health
system for elders; These supports, which they undeniably deserve, would be a monetary load on the government's budget. regarding
the solution, noteworthy to mention is the fact that preparedness is the key; Suggestion
Regarding
Insurance
policies and long-term Investments financed with
the money people pay for their Suggestion
by
retirement
insurance
can guaranty a win-win situation for both government and the people. For instance
, requirement insurance
system in Sweden invests the money acquired for retirement
insurance
in long-term investment projects, normally in developing countries where the interest rate is higher than Europe. Hence
, investing in long term projects on behalf of the people and savings the interest for their retirement
, when they will definitely need the money and services back, is the key for
the problem.
Another difficulty with Suggestion
to
this
trend lies within the mere fact that higher life
expectancy
means longer the people will not be productive. In other words
, people who are not working anymore will be economic weight
Suggestion
the economic weight
an economic weight
on
the society. It may be claimed that they will cause a serious decline in GDP. Suggestion
of
it
is to be understood that higher Suggestion
It
life
expectancy
shall also
be coupled with stronger overall productivity with the condition that people work longer than they are supposed to work. For instance
, the new administration in France introduced a law in which retirements are to be postponed to
more than 30 years. Despite the huge protests in which people stand against it, it seems totally reasonable. People who are expected to live longer after Suggestion
for
retirement
, shall be supposed to work longer when they can. Therefore
, longer working years before retirement
is another solution which can simply tackle the issue of a possible lower GDP.
In conclusion, longer life
expectancy
, higher the social economical
and Accept comma addition
social, economical
health
support people will need. So the long-term profitable Investment projects and postponement of Suggestion
healthy
retirement
to
above 30 years are among solutions which can be implemented.Suggestion
for
Submitted by Majid Tazam on
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