15). The increase in aging population leads to an increase in public expenditure as the government strives to provide Medicare and Social Security to cater for the increased number of beneficiaries. Older people have higher chances of falling ill which adds to the already high health care costs. The demographic shift also affects the size of the economy. The Social Security Actuaries are projected to grow in future with a financial burden of public programs for older people.
This drive of change may take ten year to complete but it will take it to new and better heights. In order to sustain itself as the market leader, General Electric had to start taking the department of sales and marketing as seriously as finance. Besides this, the change came through when the sales of services business of General Electric started to increase such as the share of GE Medical System went from 25% to 42%, the service of GE Transportation was also gotten better which was reflected by the increasing number of its sales as mentioned by (Immelt, Lash and Saturday,
The prices of food increased as there was a higher demand for it. And the higher demand for food is caused by a growth in population. Although it was written in 2011, the author, Gail Tverberg, includes points that still apply today. “The urban poor will be worst off if food prices remain high, or go even higher, mainly because they must spend a much larger percentage of their incomes just to eat.” The high cost of living doesn’t only affect housing but also the everyday lives of everyday people. Low-wage workers are having to spend most of their incomes on important things like food and paying bills.
Top 10 Countries with the heartiest aging population Growing old and being healthy is very vital to any country. Growing old in most country is more healthy than others. Growth in technology has greatly increased in recent years due to advancement in technology and this has improved health care system around the world. Due to increase in life expectancy, recent data shows that the number of people approximately 60 years and above is 901 million and it is expected to increased to 2.1 billion by 2050. World ranking on best countries to survive can be measured using various ranking metrics such as older adults health status, Good enabling environment in relation to good public transportation, civic freedom, physical safety etc, income security
CHAPTER ONE STATEMENT OF THE PROBLEM 1.0 Background of the Study Throughout the past years, there have been reported cases of increase in the proportion of the population of older people aged 60 years and above by the World Health Organisation (WHO 1980). According to WHO, this statistics is likely to double in 2025. This however has become global news which requires more attention and recognition (WHO 1984, UN 2010, RCN 2004, Okoye 2013). This trend has not been without problems and difficult challenges even within the developed areas of the world (WHO 2003, UN 2010, UN 2011). Many statistics reveal this reality; though some information is questionable.
Introduction The main aim of a Pension is to provide income for individuals upon retirement. Pensions are becoming a growing importance in our lives as a result of our increased longevity. In Ireland, 65-year-olds make up 11% of the population and it is believed that this will increase to 18% by 2030. Although people are living longer, they are not necessarily living healthier. One prime reason for this would be modernisation of medicine.
The improvements in accessibility to health and medical services has attributed to the longer life span of the populations. Oral health of Malaysian’s has improved especially among schoolchildren as there is an enhancement of water fluoridation programme approved by the government. People are living longer as death rates from certain conditions such as contagious diseases, infectious diseases and cardiovascular diseases have reduced sharply. Preventive medicine has been found which play a crucial role in controlling the mortality rate that leads to longer life span of human beings. At the same time, the number of older people increased in the population.
As birth rate rising and death rate decreasing, this will create rapid population growth in many countries. Hence, it can cause great threat in near future. (Kinder, n.d.) Due to rapid population growth, our resources, housing and job market will be affected. Natural resources are the most important things in our lives as they provide our survival.
Young people constitute a large part of the world’s population and young people will have to live longer with the consequences of current environmental decisions than will their elders. Future generations will also be affected by these decisions and the extent to which they have addressed concerns such as the depletion of resources,
The world has experienced an era of rapid progress and developments over the last century. There have been numerous breakthroughs and discoveries in sectors like technology, medicine and agriculture. These factors have enabled higher standards of living for people and hence caused life expectancy to increase significantly over the years1. Not only that, infant mortality has also increased due to better medical care and birthing technologies. Combining increased life expectancy and low infant mortality, the human population has increased from 2 billion people at the beginning of the 1900s, to over 6 billion people today and this number is projected to reach 10 billion by the end of 20602.