Nowadays,
people are living on increasingly longer life and in many countries there are
more old people than young people. What are the advantages and disadvantages of
this trend?
Owing to the rapid progress in medical techniques, the life
expectancy rate indubitably has been surged, the world over. It is often argued
that, in numerous nation ratio of senior citizens is higher than the younger
generation. However, it is a mixed bag of both boon and bane.
On the constructive part, society is blessed with the numerous
benefits because of the presence of any valuable store houses of wisdom which
are worth mentioning. To begin with, graying society is blessed with the
multifarious cerebral knowledge and experiences of their life which they can
certainly use to redirect the nation's financial downturns. To exemplify, in
Canada multi-corporation often believe in hiring employees above 55 years who
can foretell the coming crisis from their analyzation thereby playing the
influential role in curbing the loss of the company. Secondly, pensioners plays
substantial role in channelizing the energy of youngling towards positive
direction who are in sheer need due to the incessantly looming large pressure
of their job obligation and personal relationships. For instance, in countries
like USA, India golden age people are recruited more often now than in the past
at the designation of spiritual influencers and counselors who are significantly
uplifting the juveniles from depression and other mental issue through proper
advices and solutions. Conspicuously senior society is proving to be a
strongest weapon which is curtailing mankind social and mental menaces and
proliferating one country fiscal revenue.
On the destructive path, there appears to be potential
shortcomings for this trend. Chiefly, there has been witnessed certain delays
in the development of countries in terms of infrastructure, cultivation of jobs
and removal in pauperism as the major section of budget of the country is
invested in fostering the older society. Seemingly, scarcity of resources
occurs due to the increase in population of senior society. Besides this,
younger generation are obliged legally to deduct 40% tax annually from their
salaries which is quite unacceptable according to their perceptions which often
stimulates animosity towards central authorities and elderly public.
Subsequently, these are some of inherited implication of constantly augmenting
of older people, the world over.
Suffice to say, taking benefits from their lifetime wisdom is a
gradually a win-win situation for society, however, paying subsidies for their
care from the public salaries is a dismal consequence.
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