People are living longer. Some people think that it causes big problems. Others, however, think the aging population has many advantages for business, government and society in general. Discuss both views and give your opinion.

Many people believe that the longer
lifespan
Suggestion
life span
of humans creates many thorny problems.
Nevertheless
, others suggest that
this
can
also
bring many benefits to business, government and society.
This
essay discusses both view points and features my opinion. There are reasons why many think that the ageing
population
is a problem.
Firstly
, it adds pressure on the welfare state when budgets are stretched thin because the greying
population
drives up medical and pension payments.
Secondly
, that people live longer may lead to a higher retirement age, which means people would be in the job market for longer duration. If the world of work fails to create new jobs,
this
will take a toll on youth employment prospects.
On the contrary
, others believe in the benefits that the ageing
population
can create. From a business perspective, companies can capitalise on products and services for the elderly. More importantly, our ageing
population
can be an economic powerhouse, which undoubtedly benefits any government. To explain, in the
longevity economy
Accept comma addition
longevity, economy
, older people can take part in economic activities and spend money, which is good for the economic growth. For society, since older people are a living museum of old values and traditions, their longer life expectancy helps preserve good values and traditions which always face the risk of being neglected. In conclusion, I believe that longer lives pose challenges to the
earth which
Accept comma addition
earth, which
is already a very crowded place.
However
,
this
is an irreversible trend which
also
carries with it many benefits.
Submitted by Andy on

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