It is expected that there will be a higher proportion of older people than that of young people in many countries in the future. Do you think it is a positive or negative development?

Nowadays there is a prediction that the number of elderly people is likely to surpass the number of youngsters in the nearest future. Even if there are some benefits, in my opinion, a growing disparity between the oldest and the youngest will lead to harmful consequences. To start with, the old community is not able to
rise
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raise
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the country to a new level of standard of living due to the outdated attitudes of consciousness and out-of-date ways of developing the country.
Although
the old group seem to be more experienced, they do not have
such
innovative and new ideas as
young
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a young
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nation.
Consequently
, the economy will evolve slowly and the political course in the state will remain the same, which can lead to delay
of
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in
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state development.
Moreover
, the significant adverse impact of the
aging
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ageing
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population is that it will negatively impact the economy in the future.
This
is because the size of the
labor
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labour
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force tends to decrease, thereby limiting its economic capacity to cover the needs of those who have already retired.
Thus
, the pressure on the
labor
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labour
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workforce going to increase as the increasing health care costs and pensions could be a huge burden on the budget. The most striking example can be Japan, having the fastest
aging
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ageing
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population in the world which led to the stagnation of the economy in the
last
three decades.
As a result
, the growing number of older population around the world can lead to profound social and economic consequences for a society, which makes it obviously a negative development.
Submitted by lilith_astaroth on

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