Running Head: AGEING POPULATION
The global societal problem is the ageing population. It refers to when a country’s
population is made up of a high percentage of the old generation. Research has it that the ageing
population is becoming a severe issue in the lives of human beings. The world's population also
keeps growing older, which is one of the most significant global events currently. Mostly, the
cause of this is the more common medical facilities, which can supply for people who are either
injured or sick at a faster rate. Also, it has been as a result of advancements in scientific research
and modern technology which has led to discoveries on treatments of diseases (Perek-Bia³as &
Hoff, 2009). This implies that people have an increased ability to living longer than it would
have been the case in the past.
Further, research on this issue of global concern shows that the United Nations’ findings
are, the ranks of 60-year-olds and the older people keep growing by a 1.9 % rate every year. A
further prediction is that, by 2050, there may be four people in the age of 15-65 around the
world. With such a trend, the elderly will outnumber the children. The central thesis for this
treatise is that, with proper strategies by respective governments and the world at large, the issue
of ageing population can be curbed.
In the European Union (EU), research shows that residents who are above 65 years of age
outnumber the ones below 14 years. That is according to a Spanish study, which also indicates a
young population of the bloc has reduced by 21% in the last 25 years. Currently, there are more
older adults than children who live in the EU, because the young population in Europe had
reduced by 21% or 23 million in the last 25 years. 10 % has been from the previous ten years
only. Therefore, only 16.2 % of the today population in the EU is less than 14 years old.
However, a sixth, which is made up of 16.6 % is five years or more (Scholl et al., 2013).
Such trends are worrying because growth in the economy may be influenced by alterations
on the age structure of the economy. In analyzing the age structure, there is the adoption of a lifecycle, by contributions and economic needs of the people in various life stages. There is a higher
consumption to production ration for the young and old age people, with a lower quota for adults
who are working. Economic growth's key drivers such as productivity, labour, savings and
consumption are different depending with where people lie in the life cycle. Savings and energy
are higher among adults who are working than among the ones aged over six years (Scholl et al.,
2013). Declining rates of mortality and f...
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