In many countries the proportion of elderly people is increasing. Do the advantages of this trend outweigh the disadvantages?

The proportion of elderly
people
is increasing not only in many developed countries
,
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but
also
countries like Russia and China.
Aging
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Ageing
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is a regular human process in any
society
. The question is under what economic and societal structures, do the current elderly
people
live in and the stresses that it can put onto these systems. As
people
age and retire in
a
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society
, they stop earning and have to rely on their savings to sustain themselves.
Thus
, they start consuming and stop
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engaging
enaging
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engaging
in economic activity.
Aging
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Ageing
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also
takes a toll on the health and immune
system
of the elderly and makes them more prone to
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health-related
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health related
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health-related
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issues.
As a
result
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,result
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they require greater access to healthcare services and more personal care.
This
is not an issue if a
society
is well managed and a social contract exists which prepares for
this
.
However
, when a
society
is not well managed and planned the need for social services can overwhelm the
system
.
This
creates inflation in the healthcare
system
and creates infrastructure and pricing issues for both the young and
old
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the old
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. On
an
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a
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macroeconomic level, if there is an economic welfare
system
which mandates the government to provide support and services to the elderly, it raises the cost of overall credit in the
society
. Adding onto
that is
the issue that governments borrow to make up for the difference, rather than planning ahead and making the
system
sustainable for all. They will use gimmicks like calling it unfunded liabilities,
instead
of being
honnest
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honest
about either moderating
benefits
or increasing contributions.
This
ultimately foots the bill onto the current working generation.
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Over time
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Overtime
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Over time
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, governments become unable to provide for all these
benefits
and face economic crises. A perfect example is that of Portugal, where the government overpromised
benefits
and after it was on the brink of insolvency had to drastically reduce
benefits
.
This
led to massive protests and clashes with the government and untold misery for the elderly. Overall,
aging
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ageing
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takes a toll on economies, even when planned for in advance. Most countries are very
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ill-prepared
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ill prepared
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ill-prepared
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to take on the challenge of providing for the elderly. Based on demographic data, developed economies are going to see a massive increase in the proportion of elderly
people
.
This
will create a lot of
stresses
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stress
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and fissures within
society
, especially during an economic downturn.
Submitted by rohit.pandeyecon on

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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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