Extensive research in the field of medicine have caused the advancement of healthcare in developed countries. As a result, the number of people over the age of 65 has drastically increased. This effect has both positive and negative consequences to the modern world. Moving on, the following essay deals with the problems associated due to the rise of elderly people.
First, the job opportunities that are available to youngsters will decrease due to companies preferring the experiences and valuable suggestions that seniors can provide to bolster the business. Secondly, to support the requirements of the aged individuals, governments will have to develop new policies and initiatives. This will cause a burden on the government because they will have to allocate funds to facilitate these initiatives. Leading to a scenario where the tax rates in the country to increase and affects the livelihood of the taxpayers. Furthermore, when there are more people over the age of 65, the global population will rise. The surplus in population will deplete the natural resources at a faster rate.
Nevertheless, there are potential solutions that can be implemented to resolve the given issue. For instance, governments and business organizations could propose a mandatory retirement age in all sectors to surge the employability for the youths. Similarly, the taxation can be varied based on the age of the person such that elderly must reimburse more.
In conclusion, the rising population of senior citizens in the world will eventually result in crisis and proper strategies must be devised in prior before it worsens.