In a lot of nations nowadays, it is the case that
die later than has ever been the case before. On the one hand, some
may feel
has propagated issues for the
.
, some
argue that there are clear advantages with a high prevalence of elderly
in the population. In
essay, I will argue that the declining youth population has mostly created devastating economic consequences for the
, as
forces them to
their expenditure on public services.
Having an increasingly ageing demographic will likely
the demand for public necessities
as
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healthcare, retirement homes and pensions.
, it is almost certain that the
will have to
drastically the spending budget it allocates to
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spending to match the rise in consumption. Whilst
may benefit
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society for the greater good as it's likely to
the quality of the services,
will likely mean that those spent funds could have likely been spent
more productively.
is because despite
necessities being essential pillars to the
wellbeingCorrect your spelling
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of society, I believe that governments
the rising ageing populations may feel pressured into not spending it anywhere else, and given that the elderly are economically inactive,
will not likely
the economy's productivity and
could have the adverse effect of increasing taxes in the nation to cover the loss.
, having explored
topic in my Sociology lessons, I have found out the devastating
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impact which a high proportion of older
has on
economiesCorrect article usage
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of Japan and Singapore. Before becoming dominated
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the elderly, these countries were far more productive economically and had lower tax rates which has allowed them to grow economically.
, the increasing life expectancy has devastating implications for the
as it puts
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on their resources, and reduces their ability to spend
.
, one of the main arguments in favour of an elderly demographic is that retired
can take care of
in dual-career couples.
is because
couples will likely simply not have time to provide for their
, as both of the parents will be working. In that
their parents, who will not be working, may take the role of child carers and
will allow the governance to maintain its workforce size.
,
may have wider benefits for family dynamics. One reason for
is that
are more likely to be able to spend more time with their grandparents which will allow for family bonding. Given the generational gap which is growing between the youth and the elderly,
could be an effective solution to ensure there is a close relationship
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with their older family members.
, back when I was a toddler, my grandmother and my grandparents used to look after me and my other siblings.
,
provides a foundation for families in the long term as it involves several stakeholders within a family environment and will mean that the economy is more likely to be productive, which can benefit the
massively.
In conclusion, it is true that an increasing percentage of older
can help families where parents may require assistance as they can seek out
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after their
.
, on the whole, I would argue that these benefits are outweighed by the disadvantages as the governing bodies will experience an increasing need to fund common services, which has a clear opportunity cost.