ipl-logo

Essay On Aging Population

1026 Words5 Pages

The problem of an aging population is faced by many countries throughout the world. It has been predicted that the population aged above 65 years old in the year 2050 will be approximately 2.5 times that of those with the age range of 0-4 years old. This is a drastic difference as compared to the past where a lot of countries were facing issues related to overpopulation¹.
There are many causes that lead to the aging population issue. These include declining fertility, lack of time to start a family and other factors². Increasing life expectancy in developed regions is another factor contributing to the issue³.
In Singapore, the life expectancy is rather long due to the quality of healthcare available. This coupled with the low birth rates …show more content…

As a result, Singapore’s economy is facing a lot of pressure. Not only does the government have to accommodate the country to be elderly friendly, it also has to assist each person to be financially ready for old age in addition to ensuring social integration between generations to avoid family conflicts and social issues. Other countries have opted for institutions and gated communities for their elderly population⁵. However, it is not viable for Singapore to do so due to its limited amount of space and high cost of land. Instead, the Singapore government tries to assist in a way so that each person has sufficient savings to be able to age comfortably. This is done through the implementation of the Central Providential Fund (CPF) scheme where up to 20% is collected each month from their salary. The cumulated amount can also be used to pay off housing and healthcare needs. There are many forms of accounts with the Special Account (SA) and Retirement Account tiding the elderly over through their retirement days. The amount of money accumulated over the years can we withdrawn by parts upon reaching the age of 55 and upon the age of 65, monthly payments will be made the account owner to aid them in daily

Show More
Related

  • Pension Plans: GASB Vs. FASB

    740 Words  | 3 Pages

    Pension Plans By Tay’veun Glenn Introduction Pensions are known as a retirement account that most employers maintain to give employees who have stayed with the company a payout upon retirement. Most employers give recipients of pension accounts a choice between a lump-sum payment or monthly annuity payments that are based upon the amount of time that the employee worked and their final salary prior to leaving the company. There are different types of pension plans and the use of each one is dependent on the employer. The Governmental Accounting Standards Board and Financial Accounting Standards Board both have to report pensions and have designated different ways to account for it.

    Read More

  • Impact Of The Civilian Conservation Corps During The Great Depression

    508 Words  | 3 Pages

    The fund is collected from income of the employee which also known as the income tax and payroll tax is the payroll of the employer. The state government collect the tax to provide a security the retirement fund of all people who work hard when they are young, thereby ensuring their live after retirement. The retired people will receive a small amount of monthly retirement pension.

    Read More

  • Long-Term Care System: A Case Study

    338 Words  | 2 Pages

    There has been an extensive change in the U.S. demographics within last 50 years. According to Center for Health Workforce Studies (2006), in 2020, there will be about 54 million Americans above the age of 65 years as compared to 35 million in 2000. This number is expected to rise further at the rate of 12.5% to 20%, which means by 2050 every 1 in 5 American will be above 65 years (p. 2). This exhibits how baby boomer generation will have a significant impact on the current long-term care system. Long-term care is defined as the continuum of services framed to support the needs of people with chronic health problems and physical limitations.

    Read More

  • Overpopulation In Ayn Rand's Anthem

    720 Words  | 3 Pages

    Compressing this paragraph down my final theory is, the reason that people only live to be 45 is because the technology and medicine is very primal. In conclusion, the reason that people only live to around the age of 45 is because of one of these three theories, the government is trying to limit the population because they do not want to be overcrowded with people that aren’t aiding the community in some way, the people that no longer work are malnourished and poorly cared for or, the medical technology is very primal and does not suit the needs of the people that are sick and the people that just need help. These are the theories that I have concocted to

    Read More

  • Misrepresented Elderly

    246 Words  | 1 Pages

    The sixty-five and over population has grown to be the fastest growing group.   Because there will be advances in nutrition and medicine, centenarians will be at one million by the center of the twenty-first century.  Non-whites are to be expected to be one-third of the population by 2050. As of now, minorities are misrepresented because most of them do not have health insurance or care.

    Read More

  • Baby Boomers Should Be Paid To Health Care

    100 Words  | 1 Pages

    Though the average life expectancies have continued to increase since the creation of the baby boom generation, those who live longer lives will most likely be burdened with the constantly increasing cost of healthcare in the United States. More money required to be paid to healthcare for the betterment of older life means less money that can be dedicated to lifestyle choices like foods, living arrangements, etc.. With the baby boomers reaching retirement age, the social security fund will most likely decrease and may be expected to go bankrupt by the sheer amount of people to retire in upcoming

    Read More

  • Compare The Value Of Ageing Theory In Health And Social Care

    905 Words  | 4 Pages

    D2 critically compare the value of ageing theories to individuals in differing health or social care settings In this assignment i will be comparing two ageing theories in 3 different health and social care settings. I will look at the advantages and disadvantages as well as the strategies put in place within these settings. Activity theory Social disengagement Care Home Residents tend to form close relations with their staff as well as getting all the residents to socialise, which contributes to their social lives and allows them to follow the activity theory easily.

    Read More

  • Elderly Population Interview Paper

    303 Words  | 2 Pages

    1. Were you previously aware of how rapidly the aged population is growing? Yes, I am aware of how rapidly the aged population is growing. Working for the Center for Senior Care has given me the sight to how much the population has grown.

    Read More

  • Baby Boomers Research Paper

    1331 Words  | 6 Pages

    What are Baby Boomers? The generation of the Baby Boomers began at the end of World War II. Born between January 1, 1946 and December 31, 1963 the assassination of John F. Kennedy was a defining moment that brought the end of the generation and began Generation X. Between 1946 and 1963, 76 million baby boomers were born. As of 2012, nearly 11 million had died leaving just over 65 million boomers today. (Pollard and Scommegna) What influences Boomers?

    Read More

  • Essay On The Baby Boom

    1705 Words  | 7 Pages

    World War II had ended, and American soldiers were finally returning home with their chance at living out the American Dream after enduring the hardships of war. With the prosperity of the post-war economy, young soldiers and other Americans alike could comfortably afford to raise children, unlike before in the time of the war or the Great Depression (Elliott). Millions of couples settled down in the rapidly-growing suburbs and had their children there, owed to the flourishing economy at the time. These factors combined led to the “baby boom,” in which the United States experienced a spike in the birth rate, with an average of over 4 million babies being born annually from 1946-1964 (Elliott). As any generation, the people born during this

    Read More

  • Persuasive Essay On Alzheimer's Disease

    493 Words  | 2 Pages

    In coming decades, Scientists predict the number of people will rise to 13.8 million. The aging population is increasing because of low birth rates and increased life expectancy. As America 's population ages, there will be other health issues emerging. The most common health concerns for seniors are diabetes, arthritis, heart disease, and cancer. All of these conditions are the leading cause of death.

    Read More

  • The Elderly Justice Act

    876 Words  | 4 Pages

    The process of aging in not an unfamiliar topic to society and is an inevitable phase of life. Since 2011, the number of older individuals are increasing annually particularly those from the baby boomer generation. The life expectancy has been increasing with people living longer thanks to modern medicine. These occurrences are proof that civilization is growing exponentially, however the process of aging also means that the older individuals are facing dilemmas such as decreased physical functions, financial instability from retirement, and abuse. Even older adults who are independent may face some limitations.

    Read More

  • Living Old In America Essay

    1309 Words  | 6 Pages

    Living Old in America In American today, those over 85 are now the fastest growing segment of the U.S. population. Medical advances allowed the number of Americans to live longer with healthier lives but comorbidities for others. In the past two decades, patients died from viruses, influenza and pneumonia. Today, advancement in healthcare has created a new development.

    Read More

  • Persuasive Speech Outline: Care For The Elderly

    848 Words  | 4 Pages

    1. We do not want to increase the 500,000 older people who went missing each year in China because of being neglected and abused. CONCLUSION I. We need to care for the elderly and change our attitude towards them. II. Do not isolate them from the community by including them in our lives or else there will be an increase in the suicide rate and homeless

    Read More

  • Essay About The Solution To Overpopulation

    799 Words  | 4 Pages

    Introduction Overpopulation is the excessive population of an area to the point of overcrowding and it is an undesirable condition in every country where the number of existing human population rises to an extent exceeding the carrying capacity of ecological setting. Overpopulation can be result from an increase in births, an increase in immigration, a decline in mortality rates and other factors that may cause overpopulated environment. Therefore, this can cause influence as lack of the available essential materials for survival like water, shelter, social amenities and other because of the numbers of people might be more than the materials for survival. In such condition, this regularly contributes to environmental deterioration, worsening

    Read More

More about Essay On Aging Population

Open Document