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 aging populations.

It has been universally acknowledged that the problem of the average life span of the individuals in the

first

world country is gradually escalating at an alarming rate in the current scenario.

This

problem has been of a depressing magnitude.

Although

, a plethora of reasons are there yet some sensible solutions are

also

available to curb

this

grave concern.

Firstly

, Commencing with the causes which are responsible for its growth of it. The

first

reason for

this

is that, lack of population planning. To demonstrate, the country statistics authorities failed to extrapolate to see the individual's life longevity and the young and old generation proportion by year. The

second

contributing factor is the early retirement

age

. Conclusively,

this

affects their living expenses, the tax burden will never stop even one gets older, and the lack of the younger generation would take a straight dip in the tax receivable amount which

then

becomes difficult to support the pension schemes or any

further

support schemes by the government. In order to solve

this

serious issue, some measures can be taken by the respective state authorities.

Firstly

, the authority can increase the retirement

age

to a certain level where it can balance the financial sustainability of the individuals. To illustrate, if the retirement

age

would be increased to 62 the average middle-class family can afford to share the tax-paying income and

also

plan their family's financial sustainability.

In addition

to

this

, the state could

also

invite young immigrants from other parts of the world ,especially from developing countries.

This

would balance the taxpayers and pension receivers ratio to manage the socio-economical balance.

This

would

also

give plenty of opportunities for the younger generation to plan their settlement which

then

balances the different old

age

group populations. To recapitulate, unquestionably,

this

problem has become a burning topic of the day in some developed countries.

Therefore

, it is not an easy task to solve

this

if we are not taking the correct approach at the correct time. Government and people should come forward to mitigate

this

complex issue in a planned manner.