Ageing Population UK
- Created by: 10ruddl
- Created on: 08-06-14 16:00
View mindmap
- Ageing Population-UK
- Management
- Encourage the immigration of young people to the UK-80% of 2004 immigrants were under 34-they can work and pay taxes
- Raise the pension age-by 2046 it will be 68 for everyone-people will have to work longer (but will be paying taxes)
- Raise birth rate-families are given 'working family tax credits'-makes having children more affordable
- Encourage private pensions-government can give tax breaks for them-not so dependent on state pension.
- Causes
- Falling birth rate
- Increased life expectancy
- Positives
- Many spend a lot on leisure activities, which can also provide jobs in those industries.
- The 'grey pound' (money older people spend) is worth £100 billion to the UK annually
- Can be very good and experienced workers-B&Q tries to employ them
- Elderly people can provide childcare which can save families thousands
- Many work past retirement and pay National Insurance/Taxes to help pay for pension
- Nursing homes and care homes provide employment for millions
- Negatives
- People live past retirement, so pensions have to last 20+ years
- The elderly have more complex needs, so it puts more pressure on GP's.
- Healthcare paid by those in work-more older people and less working people means that money will run out
- Some people in the top age groups have very little disposable income, so they need government help with living expenses
- Management
Comments
Report