In the developed world, average life expectancy is increasing. What problems will this cause for individuals and society? Suggest some measures that could be taken to reduce the impact of ageing populations.
Indubitably, as you age, you pass from infancy, adolescence, emerging adulthood, and eventually to middle age and beyond. These stages of life bring their own sets of challenges and rewards. It is often believed that with a progressing world, standard period of existence is also expanding. Apparently, it begets harrowing upshots on society. However, joint efforts of public and successive governments can overcome the situation.
Fundamentally, aging populations entail myriad detrimental ramifications. First and foremost, not only death rate will decrease, but also birth rate more likely to increase which would cause a devastating population imbalance at an unprecedented scale. Secondly, unlike the bygone times when life cycle of an average person was not that much long the natural resources were not misused , in this day and age increasing rates of retirees requires the administration effort to serve the growing demands of them. The imbalance between tax revenues and retirement pensions could cause a crisis for the society. To vindicate, according to BBC research developed countries such as China and France have shortage of labour. Thirdly, if elderly diagnose with chronic diseases such as cardiovascular disease, cancer which involves long term treatment, authorities has to devote a larger budget to pay for hospitals.
Nevertheless, there are various potential ways to curb this menace. Chiefly, prudence will prevail, if supreme bodies publish more and more policies to attract young workers from developing or underdeveloped countries.
To corroborate, as per Forbes magazine, it will not only solve the current shortage scenario ,but also can be a host of ostensible factor in improving the economy. Furthermore, the construction of both private health facilities which is key factor in mitigating the overload of hospitals and schools should educate young people about the paramount significance of saving money for retirement. Consequently, when they retire, they can pay for themselves without being dependent on government.
To recapitulate, society must ensure steps are taken to prevent this problem from deteriorating further. On top of that, increasing life expectancy should be controlled. Although myriad of partial fixes exist for this situation yet a permanent solution is still out of reach.
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