Ageing Population - UK Flashcards

1
Q

Describe how pensions would affect the UK

A
  • There will be an increase in the cost of providing state pensions as more people live for a longer period of time
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2
Q

What are the impacts of an ageing population on the UK?

A
  • Grandchildren now have got to work a lot harder to get a job
  • People have started to retire at a later age
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3
Q

What is the impact of ageing population done to future generations?

A
  • There are not going to be enough jobs for them
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4
Q

How would an ageing population affect the UK’s economy?

A
  • Higher levels of health and personal care would be required which would then lead to increasing costs
  • Less income tax and national insurance will be paid to the government which then reduces its ability to pay for increasing demands of health care
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