Impacts of ageing population( Plan)

Examine the impacts of Ageing Population
Ageing population – the balance between the numbers of young (under 16) and old ( 65+) is towards the old. We analyse the advantages and disadvantages of ageing population and the impacts it brings.
I. Disadvantages:
1. High tax on those in work
2. Lower GDP
3. Lower proportion of population working means higher burden on workers
4. Lower tax revenue
5. Lower workforce can force up wages and inflation impacting on standard of living
6. Greater need for Investment in Healthcare and other age related issues
7. Big spendings on pensions
8. The grey vote
9. Shortage on workers
II. Advantages:
1. Increased experience and knowledge for workforce and education of younger people and families.(social skills, sometimes are preferred over younger workers)
2. Lower crime rates
3. Spending money( grey economy)
4. Both parents can go to work while grandparents are looking after the children

Elderly dependents in the UK now account for 16% of the population, and is projected to increase to 23% of the population by 2033.
The global average life expectancy increased from 46 years in 1950 to nearly 65 in 2000.
Africa is the ‘youngest’ region in the world, with the proportion of children accounting for 43% of the population today.
Fertility has declined substantially and the total fertility rate is an extremely low at 1.3

Overall ageing population demonstrates a fluent and healthy society.
An ageing population is a sign of the healthy and progressive society but we should be ready to manage the challenges it brings.