In most of the industrialized nations, lots of policies have been carried out to cope with the aging population. In the past, the majority of people retired at the age of fifty. Nowadays, people enjoy retirements just after 3 scores. The aging population is usually more widespread in the industrialized countries than in the developing countries. This might boil down to the better quality of life in the first-world nations nowadays. However, the greying population can in reality hinder the financial progress and social improvement of a country.
The longer life-span of the population has triggered some inevitable issues to the financial development of a nation. Incontrovertibly, the majority of the silver generation lose their edge in regards to the health condition and the working capability. Whilst tax is being increased to improve the well-being of the aged, the workforce which comprises the octogenarians is losing competitiveness and capability. In order to surmount the previously mentioned obstacles, brand-new blood needs to be injected into the workforce from time to time so that the engine to enhance the economy can be driven continually.
Healthy population growth contributes to the talent swimming pool and the customer market of a country. The federal government is promoting population growth by carrying out lots of pro-family schemes such as “Have 3 or More” and drawing in foreign skills to support the aging population.? In addition, the senior are considered problems to the federal government nowadays. Growing number of elderly people indicates increasing need for geriatric care such as the features, health care and social services.
More funds and manpower thus have actually to be channelled to the advancement of such infrastructure.
This may in turn hamper the growth of the industrial and commercial sectors. To maintain the national development while ensuring sufficient care to the aged, the “Many Helping Hands” approach is introduced whereby the individual, family and community share the responsibility of taking care of the senior citizens. This reduces the reliance on the taxes and alleviates the government’s burden. Thus, the resources saved can be used to develop other sectors and minimize the impact of the ageing population. ?Moreover, sometimes, the older people can bring troubles to their families.
Admittedly, the aged require more medical attention and are prone to illness. Their family members thus have to afford the high medical cost and look after them painstakingly. Should the elderly suffer from Alzheimer’s disease, the family may suffer physically, financially and mentally. Hence, it is integral for everyone to maintain physical and mental health so as to ensure an enjoyable and self-reliant retirement. The individual plays a major role in leading healthy lifestyle by adopting balanced diet, exercising regularly and abstaining from smoking and booze.
It is a personal responsibility to plan early and be financially prepared for one’s old age. ?All in all, the ageing population is a challenge to the economy, the government and the society. Albeit the silver population may be less able to contribute to the national development, their well-being must still be well taken care of. The high level of development enjoyed nowadays is attributed to the effort of the older generation in the past. In the case of the crows, they feed their parents once they have grown up. Are we, the most intelligent beings, no better than the crows?
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