In the developed world, average life expectancy is increasing. What problems will this cause for individuals and society? Suggest some measures that could be taken to reduce the impact of ageing populations.
It is true that
people
in developed nations tend to live longer than ever before. Although
there will undoubtedly be some negative influences of this
trend, governments can take steps to mitigate these potential problems
With regards to individuals, one of the main issues is likely to be living expenses for the aged. This
is because most elderly people
often depend on their pensions or savings in order to cover the cost of living, and they may run out of money at a given time. Consequently
, these people
might live on financial support from their families, or even more adversely, becoming homeless. Many elderly people
in Japan, for example
, are struggling to live out because their savings are not enough to pay their bills. To combat the problem, individuals should learn to invest their salaries safely or start saving at a young age
. As a result
, this
measure may help them have a more generous budget in the retirement
age
.
As for societies, the most pressing problem that comes with higher life expectancy is the greater amount of pension. The reason for this
is that there are more people
in retirement
age
who receive a pension, while the proportion of working adults who pay taxes decreases. Thus
, these taxpayers have to allocate more salaries to pension funding, or governments need to raise taxes to compensate for the lack of the
funding. To tackle the problem, authorities should increase the average Correct article usage
apply
age
of retirement
, up to 70, the age
at which old people
may be healthy enough to work and make a living. In other words
,they can contribute more taxes to communities and relieve the financial burden on young people
.
In conclusion, two main concerns for individuals and societies which a longer lifespan may create are financial troubles and retirement
benefits. However
, these issues can be alleviated if citizens prepare a detailed financial plan and governments raise the retirement
age
.Submitted by dongthibaongoc31 on
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