Today people live longer after retiring from work. What problems does this cause for individuals and society? What can be done?

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The death rate of elderly
people
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has declined and
as a
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result
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,result
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they live longer than before. The main problems
this
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causes for
people
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and the community leads to an increase in taxes and an extra burden on healthcare systems;
however
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, financial contributions by employers and increasing retirement age are the viable solutions to
this
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problem. One of the issues
people
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face
due to
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the elderly is that it puts an extra burden on taxpayers.
This
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is because individuals have to make financial contributions to sustain elderly
people
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as they require financial assistance from governments to sustain themselves.
Therefore
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,
this
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impacts the economy of a country when taxes are raised. In India,
for instance
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, a larger proportion of the government fund is allocated to pensions, and
this
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has a huge impact on the economy. The second issue is that it leads to strain on the healthcare system.
This
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is to say, elderly
people
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are more vulnerable to diseases,and,
as a result
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, states need to build hospitals, hire extra staff, and upgrade hospital equipment to accommodate more old
people
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in the structure.
However
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, these problems can be addressed by authorities to make it mandatory for employers to contribute to the employee's fund scheme, which would help them to use that money in their later lives. Another solution is for public figures to raise the retirement age. To explain, as the elderly are living longer, they still have the energy to perform certain tasks in a company.
This
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would not only help states but
also
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it
also
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enables the elderly to support themselves by working part-time in a company. In India,
for example
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, there are quite a large number of elderly
people
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who work part-time as per their wish and contribute to the economy. In conclusion, the main problems of the elderly who live longer are that it results in extra pressure on
people
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and healthcare departments, and
contribution
Correct article usage
the contribution
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of workers to remuneration packages and increased retirement age are the effective solutions.
Submitted by kaur.gurbhage on

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