The ratio of senior citizens in a few societies is rocketing up quickly.Yes, positive effects of it can overshadow the negative impact.
To embark on, increasing ratio of elderly people can be helpful for nowadays generation. Elderly people have experience of most of the everything. It does not matter whether it is work related or life related. For example, in many companies whether it is renowned or not, senior employee always play a key-role in success and in decision making as, they have plenty of knowledge. There are various companies which believe to keep senior employees as, companies have idea that if they stuck in a particular situation then elder employees’ problem solving skills and experiences are worth to manage the issue.
Furthermore, apart from work related task, senior citizens are really vital for society as they not only retain the traditions but also teach value of relation to next generations. To exemplify, according to a survey, childrens’ grandparents play more essential role to give them sacraments and values than their parents. Because they have more knowledge about culture and traditions.
However, some of the drawbacks are also of increasing ratio of elder people. Increasing number of senior people might affect the economy of nation. For instance, if there are more senior citizens in country then government needs to look after them. It would be challenging for those countries which provides after retirement care to older people. As it might have negative impact on economy on economy of region.
To conclude, elderly individuals are truly essential for society as, their guidance means a lot. However, increasing proportion of them might affect a few societies financially.