Nowadays, many
are experiencing substantial increases in
. Many
think that the trend is a positive development, but it has caused many onerous problems for many
.
essay will discuss the effect of the ageing
, and some of the ways that could be considered in addressing the problem.
There are several drawbacks that increasing the average
of older
could bring to individuals and society.
, the growing
of elderly
puts a financial burden on governments. If
increases, the
will have to pay more expenses
as social welfare and pension while fewer
will be working and paying income taxes.
, older
are more vulnerable to chronic diseases,
as heart attacks or diabetes, that require special and expensive medical treatments to be effectively treated.
, the
might have to devote a larger budget to healthcare in order to serve the growing demands of an ageing
.
, it reduces the national budget and weakens the economic growth of the country.
, ageing has a direct impact on the labour market. If there are a higher proportion of old
, the
will have to decide to extend the
. As a greater number of senior citizens stay in the workforce, the competition for jobs will
. If the world of work fails to create new jobs, the end results can be fewer occupations available to younger
and the rate of unemployment in the world will
day by day.
, if the
is not extended, the economy will suffer from a labour crisis. The ageing
leads to a shrinking workforce because there are fewer
of legal working
.
There are some measures that governments could consider to resolve the issue of increasing
. One of the ways is that governments could extend the
standard. Many
have a standard pension
of 55, but they can extend it to 60 or even
over because most
at
are still in fine physical condition good health and have normal working capacity. From there, it would reduce the
's social welfare budget for retirees and address the workforce shortage.
has been applied and proven its effectiveness in many
that are developed and have a high
.
, in some developed
like Japan or France, the
has raised the
to over 60 years old and even
is expected to continue to
in the future. Another measure is to encourage childbearing and the immigration of young working adults.
will help the country reduce the ageing rate of the
and create a source of young labour for the country.
,
could help
tax revenues for the
.
measure, as one can see, is are increasingly being popular in
as Canada.
In conclusion, the rising
brings its own issues to the individual as well as to the society.
, effective measures can be taken to mitigate these issues in the long run.