45.8 - Shades of Grey

Question 1

What is the dependency ratio formula?

Answer 1

= [(pop. under 16) + (pop. over 65)/ (pop 15-64)] X 100

Question 2

What percentage of people currently work and pay for what percentage of retired people in the UK?

Answer 2

61% work and pay for 21% retired

Question 3

What is the estimate of 2030 of the percentage of people working and paying for what percentage of retired people in the UK?

Answer 3

56% working and paying for 27% retired.

Question 4

What will be the 3 core problems of an elderly population?

Answer 4

• A global ‘greying’ of population. - Young people becoming the losers (housing prices, tax, unpaid carers for family) - Being pessimistic about greying population.

Question 5

What are some benefits of a greying population?

Answer 5

• many do voluntary charitable work - they spend money on goods and services - some earn money and pay tax - they bring wisdom to politics and commerce