Ageing Population

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  • 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
    • 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
      • 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
    • 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
        • 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
          • 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

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