Ageing Population
- Created by: elletseb
- Created on: 07-06-16 18:47
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- Ageing Population
- Impacts
- Economic
- More pensions and services need to be paid for - these are paid for by working population- more needed = higher taxes
- Less money spent on things that help economic growth (i.e. business, education), more spent on things that don't (i.e. retirement homes) = Economy grows slower
- Younger retired people can contribute a lot to the economy - relatively wealthy with leisure time. Spend money on travel and recreation providing jobs in tertiary sector (Grey Pound)
- Social
- Free child care
- People may choose to have fewer children as they don't have money to raise kids and look after elderly relatives
- Healthcare services stretched
- People spend more time looking after relatives = less relaxing = more stressed
- Often do a lot of volunteer work (free essential work)
- Political
- Pension Crisis
- More pensions and services need to be paid for - these are paid for by working population- more needed = higher taxes
- Pension Crisis
- Economic
- Management Strategies in UK (CASE STUDY)
- In East Devon- National Heritage site and lots of countryside (happy elderly)
- High street adapted with shops that interest and benefit the elderly
- Special leisure and recreational activities for elderly
- i.e. Bingo - not only something to do but also meet new people
- 60p a swim at the leisure centre - encouraging them to stay fit
- Special houses built, adapted for elderly
- i.e. waist high plugs
- Can only be bought by those over 50
- UK - Pro Natal
- Fathers now get 1-2 weeks paid paternity leave
- Mothers up to 52 weeks maternity leave
- Paid for 39 weeks - 90% of AWE for first 6 and then 90% of AWE or 139.50/week for next 33 - whichever is cheapest
- Child benefits to mother if either parents earns less than £50,000/year
- £20.50/week for oldest child, £13.55/week any children after that
- UK - Pro Immigration
- 2004 - more countries joined EU. UK one of few countries with no limit on number of immigrants migrating
- Usually younger people of working age who migrate = more tax payers to support ageing population
- Haven't had kids yet, increasing birth rate
- In 2004 80% of new EU immigrants were 34 or under
- Usually younger people of working age who migrate = more tax payers to support ageing population
- 2004 - more countries joined EU. UK one of few countries with no limit on number of immigrants migrating
- UK Wide Strategies
- Encouraging private pensions
- Tax breaks for certain kinds of private pensions
- Reduces amount government has to pay to provide for elderly = more for infrastructure
- Putting money aside for elderly
- i.e. for free flu jabs or winter fuel allowance
- Improves living conditions of ageing population
- Raising pension age
- Currently 60 for women and 65 for men
- Will be 66 for all by 2020
- Encouraging private pensions
- In East Devon- National Heritage site and lots of countryside (happy elderly)
- Issues faced by UK
- Pressures on health care- older people need more
- 2005 study found average hospital stay was 8 nights - increased to 13 for those over 75
- Transport needs
- Older people less able to own cars (health/ expenses/ insurance) so necessary transport means need to be provided for them
- More elderly people living in poverty
- Working population not enough to pay for decent pensions and many people have no other pensions
- Low state pensions
- Government still struggles to pay as taxes aren't enough
- Pension Crisis
- Pension Crisis
- Government still struggles to pay as taxes aren't enough
- Management Strategies in UK (CASE STUDY)
- In East Devon- National Heritage site and lots of countryside (happy elderly)
- High street adapted with shops that interest and benefit the elderly
- Special leisure and recreational activities for elderly
- i.e. Bingo - not only something to do but also meet new people
- 60p a swim at the leisure centre - encouraging them to stay fit
- Special houses built, adapted for elderly
- i.e. waist high plugs
- Can only be bought by those over 50
- UK - Pro Natal
- Fathers now get 1-2 weeks paid paternity leave
- Mothers up to 52 weeks maternity leave
- Paid for 39 weeks - 90% of AWE for first 6 and then 90% of AWE or 139.50/week for next 33 - whichever is cheapest
- Child benefits to mother if either parents earns less than £50,000/year
- £20.50/week for oldest child, £13.55/week any children after that
- UK - Pro Immigration
- 2004 - more countries joined EU. UK one of few countries with no limit on number of immigrants migrating
- Usually younger people of working age who migrate = more tax payers to support ageing population
- Haven't had kids yet, increasing birth rate
- In 2004 80% of new EU immigrants were 34 or under
- Usually younger people of working age who migrate = more tax payers to support ageing population
- 2004 - more countries joined EU. UK one of few countries with no limit on number of immigrants migrating
- UK Wide Strategies
- Encouraging private pensions
- Tax breaks for certain kinds of private pensions
- Reduces amount government has to pay to provide for elderly = more for infrastructure
- Putting money aside for elderly
- i.e. for free flu jabs or winter fuel allowance
- Improves living conditions of ageing population
- Raising pension age
- Currently 60 for women and 65 for men
- Will be 66 for all by 2020
- Encouraging private pensions
- In East Devon- National Heritage site and lots of countryside (happy elderly)
- Pressures on health care- older people need more
- Impacts
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