Ageing population Flashcards
What are old dependents? (Ageing population)
Anyone over the age of 65
What are economically active individuals? (Ageing population)
People ages between 16-65 so contribute to taxes
Wha are young dependents? (Ageing population)
Anyone under the age of 16 and are in education
What is the equation for the dependency ratio? (Ageing population)
DR = (Dep pop / indep pop) x 100
What does a high dependancy ration mean? (Ageing population)
There is a great number of dependents for each independent
What are the reasons for an ageing population? (Ageing population)
- Expense of having a child
- Contraception
- Vaccinations
- Scientific advancements
- Health care
What are the issues with an ageing population? (Ageing population)
- Strain on health care
- Pension crisis
- Less children
How is Strain on health care a problem? (Ageing population)
Beds in hospitals are occupied for longer, expensive
How is the pension crisis a problem? (Ageing population)
A reduction in state pensions will mean people stay in their jobs for longer
How is having less children a problem? (Ageing population)
Money needs to be spent on older relatives so there will be a tax increase
What are the solutions to an ageing population? (Ageing population)
- Increased birth rates
- Increased retirement age
- Encourages immigration
- Care for the elderly
How does increasing birth rates help to solve the crisis of an ageing population? (Ageing population)
- Larger working population when the children grow up
- Taxes & pensions
How does increasing retirement age help to solve the crisis of an ageing population? (Ageing population)
- More people contribute taxes to state pension fund
- People will claim state pension for less time
How does encouraging immigration help to solve the crisis of an ageing population? (Ageing population)
Increase numbers of people working age
How does care for the elderly help to solve the crisis of an ageing population? (Ageing population)
- Provide more nursing homes, hospital beds, doctors so ease the problems of old age