Aging Population

Created by: claudiafleetwood
Created on: 15-03-15 14:00

What is an aging population?

A country in which the proportion of elderly people is increasing due to rising life expectancy and/or declining birth rate

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What is the Case study for an aging population?

The UK

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One economic disadvantage of an aging population

Elderly people rely more on healthcare systems and GP's since 48% of over 70 year olds in the UK have a long term illness meaning they need medicine which is expensive meaning the NHS has to spend more money

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One economic advantage of an aging population

The 'grey pound' is where elderly people spend money in niche markets such as on stair lifts, meaning money is being put back into the economy from the companies who make these products paying tax to the governements

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One social disadvantage of an aging population

NHS might have to start making people pay for their healthcare

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One social advantage of an aging population

Grandparents can look after children meaning people save money on childcare bills

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One political disadvantage of an aging population

In UK government has aligned the male and female retirement age to 68 which may upset younger generation as they will have to work longer, which may cause them to vote for other political parties that will change this

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One political advantage of an aging population

The 'grey vote' can have sustainable impacts on politics and may cause a political party to win the vote

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Other cards in this set

Card 2

Front

What is the Case study for an aging population?

Back

The UK

Card 3

Front

One economic disadvantage of an aging population

Back

Card 4

Front

One economic advantage of an aging population

Back

Card 5

Front

One social disadvantage of an aging population

Back

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Aging Population