What is a aging population:
An aging population means a higher percentage of elderly people in a country due to longer life expectancy and lower birth rates.
The postive effets of aging population:
More experienced workforce – Older workers have valuable skills and knowledge.
Growth in healthcare and elderly services – More jobs in nursing, home care, and medical fields.
Family support – Grandparents can help care for grandchildren, reducing childcare costs.
The negetive effects of aging population:
Labor shortages – Fewer young workers to fill jobs, affecting productivity.
Higher government spending – More money needed for pensions, healthcare, and elderly care.
Increased taxes – Governments may raise taxes on younger workers to support retirees.
Healthcare burden – More demand for doctors, hospitals, and elderly care services.
Slower economic growth – Fewer working-age people mean less consumer spending and business activity.
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