Nowadays people live longer after they retire. How does this affect indivuals and society? what cana be done about this?
In recent times, there has been increased longevity in people after
retirement
, which has drawbacks on the society's economy and the families
finances. Change noun form
family's
families'
This
can be controlled by increasing the retirement
age
of the population.
To begin
with, people nowadays live for many years
after retirement
and require a nation’s financé as well as
their families' resources to substain
them in Correct your spelling
sustain
later
stage. To buttress Add an article
a later
the later
this
, the pension received is not enough for the sustainability of the older population for the unprecedented number of years
they live now, and have to depend on the government to fund their care. Also
their relatives more often than not invest both their time and money for their care. Add a comma
Also,
For instance
, in the past 5 years
UK has reportedly spent millions of pounds to
the running of care homes, resulting in Change preposition
on
possible
shift of funds from other sectors.
Add an article
a possible
the possible
Furthermore
, it is imperative to proffer viable solutions to the problem of increased longevity and the most effective way would be to increase the retirement
age
of the people. This
will enable them to work more and accrue more pensions. For example
in 2003, Nigeria adjusted the retirement
age
of her popluation
from 55 Correct your spelling
population
years
to 68 years
hence
the older age
group have
more time to work, more Wrong verb form
had
pension
to receive and Fix the agreement mistake
pensions
save
up for later days.
In conclusion, the recent inclination Wrong verb form
saving
in
longevity is affecting most countries' Change preposition
toward
economy
and can be put under control by increasing the populations' working Fix the agreement mistake
economies
age
thereby decreasing the period after retirement
as well as
acquiring more funds from Pension
.Fix the agreement mistake
Pensions
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