In recent decades, the share of an aging population becoming long-livers is increasing rapidly, which, I believe, has a rather downside effect on our world. Not only it burdens present economy allocating money from the state budget, but also the demand for the healthcare system is growing as senior citizens tend to catch many diverse diseases.
The rocketing number of elderly people complicates the economic growth of a country as older individuals are required to be paid monetary benefits for their age due to pension system laws of the majority. Consequently, a lot of retirees utilize free public transport, do not pay taxes or have discounts whenever they head to[f]. This trend leads to seniors being sometimes over impudent and unrespectful to younger generations.
The sharp rise in healthcare costs, driven by an aging population and prohibitively expensive technologies, fails to ensure improved quality of medicine. This can be followed by an unaffordable price for hospitals and treatment, especially for students who struggle to earn their own money relying on nothing but their scholarships. Moreover, curtailed budget allocated for medicine results poor-quality equipment that undermines reliability and safety, leading to frequent breakdowns and long-term expenses.
In conclusion, not only the growing share of elderly people imposes a heavy burden on economies and healthcare systems, it also influences the costs rise and poor-quality technologies that do not guarantee better care. Furthermore, curtailed budgets lead to reduced service reliability and public’s distrust.