Today people live longer after retiring from work. What problems does this cause for individuals and society? What can be done?
The death rate of elderly
people
has declined and as a
result
they live longer than before. The main problems Add a comma
,result
this
causes for people
and the community leads to an increase in taxes and an extra burden on healthcare systems; however
, financial contributions by employers and increasing retirement age are the viable solutions to this
problem.
One of the issues people
face due to
the elderly is that it puts an extra burden on taxpayers. This
is because individuals have to make financial contributions to sustain elderly people
as they require financial assistance from governments to sustain themselves. Therefore
, this
impacts the economy of a country when taxes are raised. In India, for instance
, a larger proportion of the government fund is allocated to pensions, and this
has a huge impact on the economy. The second issue is that it leads to strain on the healthcare system. This
is to say, elderly people
are more vulnerable to diseases,and, as a result
, states need to build hospitals, hire extra staff, and upgrade hospital equipment to accommodate more old people
in the structure.
However
, 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
would not only help states but also
it also
enables the elderly to support themselves by working part-time in a company. In India, for example
, there are quite a large number of elderly people
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
and healthcare departments, and contribution
of workers to remuneration packages and increased retirement age are the effective solutions.Correct article usage
the contribution
Submitted by kaur.gurbhage on
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