Ageing Population Flashcards
why does and ageing population occur?
The LE (increased longevity) increases while the fertility rate/BR decreases
Costs of an ageing population
Public pensions in the UK expected to rise by 33 billion
Healthcare costs to rise by around 36 billion
Public transport needs to be developed further
Development of adequate housing/nursing homes
Smaller families mean the elderly don’t receive the correct healthcare unless the government subsidise it
Strain on resources
Everyone aged less than 47 face a longer working life
Shortage of young workers
higher taxes
Gov aim to keep the older people happy as they are the most common voters
Unpopular migration policies
Positives of an ageing population
Voluntary work
Care for grandchildren
disposable income
reduced crime rate
They may take on a role of supporting the local area e.g council
More women entitled to a full state pension, increased value of the pension 114 per week to 135 per week
More jobs created for elderly services
50% of consumer spending = elderly- thriving local businesses
30% increase in salary if employed beyond retirement age
Grey vote, time to participate in local elections
