In the Future There Will Be a Higher Proportion of Older
In the future, there will be a higher proportion of older people than young people in many countries. Why is this? Is this a positive or negative development?
In the future, older people will account for a greater proportion of the population than young people in many countries. I believe this is mainly because of longer life expectancies and lower birth rates. However, it should be seen as a negative development because it can put an enormous financial strain on countries.
For one thing, people now can live much longer lives thanks to medical advancements. Take for example seniors with kidney disease. There are medication and surgery that can help them. As for those having advanced conditions, they can even have a kidney transplant and go on to live for another 5 or even 10 years. For another, raising children is more expensive than it has ever been. Many young couples simply cannot afford to have one, which leads to a dramatic decline in birth rates.
An aging population, however, can be a massive financial burden on the country. The reason is that the government may have to increase its expenditure on medical care since seniors tend to have more health problems than young people and many of these problems, such as heart disease and strokes, are very costly. However, the government may not have enough budget for its healthcare systems. This is because a smaller young population would mean fewer people in the workforce. This would slow down economic growth, and as a result the government would receive less tax revenue.
In conclusion, due to rising life expectancies and falling fertility rates, many countries will have an aging population. This can be a serious problem for these countries as they may have to face huge financial pressure as a result.