Population Aging In The United States

1.) What difficulties—from retiring baby boomers in the United States to a graying China, to the massive overhang of Europe’s elderly—can private corporations, governments, and other sectors expect as the aging revolution unfolds across the globe? How will changing demographics affect workforce composition? Retirement age? Pension outlays? Taxation? Immigration? Economic growth? How can governments, corporations, and nongovernmental organizations work together to address these issues?

In America, people are changing their views on aging and the elderly. Some of the reasons that the attitudes are changing could be due to more elderly people are remaining in the work place longer, as opposed to retiring early. Riffkin (2014). And there is the fact that we baby boomers are living longer. Even though the U.S. only ranks 53rd with a life expectancy of 79. That’s an increase of one year since 2010. (“The World: Life Expectancy” 2016)

In general, countries experiencing high fertility and rapid population growth, have a “young” population structure and the important policy considerations are if there are enough schools and, sufficient jobs and housing to accommodate this population. Countries with “old” population structures face the problems of structuring and developing retirement and health systems to serve this older population and also they have a considerable reduction the number of the working force. The decline of the work force is one of the most dramatic economic tendencies of the past four decades in the United States. The individual’s decision of whether to stay in the workforce or to retire is based on the collaboration of a number of factors including the following: eligibility for Social Security benefits, availability of and benefits under an employer-financed pension plan, work

It is widely believed that the aging of the U.S. population is a major driver of the annual growth in the demand for health care and in national health spending

The rapid growth in the number of seniors in America and around the world is creating a global demographic revolution without precedent. During this century, advances in hygiene and water supply and control of infectious diseases have reduced the risk of premature death much. As a result, the proportion of population over 60 years in the world is growing faster than in any previous era. In 1950 there were approximately 200 million people aged over 60 worldwide. By 2000 there will be over 550 million, and by 2025, the number of people over 60 is expected to reach 1,200 million.

Just like other parts of the world, the United States is no exceptional, it is an aging society. Between the year 2000 and the year 2050, the number of the elderly is predicted to increase by 135%. Again, the population of the persons aged 85 years and above, which is the group that will mostly require health and long-term services, is predicted to

As we begin to enter an aging America many positive effects will foreshadow, like having more experienced workers, changing perceptions of how we think of the aged and aging, them being active in the community, and obtaining their place in society. In observing the history and how far we have come along with regards to our views, government funding’s, and where they will live can only improve as future elderly come into existence. So much as 40 years into the future there perhaps will be modifications to reduce working hours to 4 days a week. Changes like this would shift our demographic work style that would ease us into our older years and living longer and happier lives. This growing demographic that’s estimated in the future will play a

“While we have 35 million people aged 65 and older in the United States, the baby boomers will solidify the aging revolution in America. As this group continues to swell the ranks of elderly population, increasing numbers of older adults are

Throughout the world and throughout history, the young have always outnumbered the elderly. Over the next 40 years this will change. The population over 60 will grow by one billion to a total of two billion. For the first time in human history there will be more people over 60 than under 15. One in every five people will be elderly. In 1950 there were twelve working people for every elderly person, today nine working people and in 2050 4 working people. More money will go out and less money will come in. (HelpAge International, 2014) Economies will face a change in terms of growth, savings, debts, investment, consumption, labor markets, pensions and taxation. Social impacts will consist of changes in family composition, living arrangements,

The workforce is growing older as the population ages. The elderly in this generation are living significantly longer. The amount of older workers is increasing due to the baby boomer generation. “The number of older workers over 55 is projected to grow at nearly four times the rate of the overall labor force” (Shultz, pg.7) Many older workers are choosing to stay in the workforce. An increasing amount of older workers are choosing to prolong retirement. Population aging will significantly increase the amount of older workers. “Between 1977 and 2007, employment of workers 65 and over increased 101 percent, compared to a much smaller increase of 59 percent for total employment (16 and over). The number of employed men 65 and over rose 75

Over the years, there have been major shifts within the United States in regards to its population. Statisticians have estimated that 20% of the population will be 65 years of age and older. There is an even

From 1970 to the year 2000, the world's over-60 population is projected to increase by more than 90 percent" . This is an astonishing number, seeming how the total population was predicted to grow by less than 75 percent . "The most prominent feature of the looming shift in the composition of the working-age population is, of course, its increasing age" . It is hard to say what will happen when suddenly there will be an abundance of older people who are preparing to retire.

The world’s population is ageing rapidly. Between 2000 and 2050, the proportion of the world's older adults is estimated to double from about 11% to 22%. In absolute terms, this is an expected increase from 605 million to 2 billion people over the age of 60.

Secondly, in order to promptly resolve the shortage of labour caused by ageing, many countries have extended the time of retirement of the elderly. To illustrate, China plans to start gradually raise the retirement age from 60 to 65 from 2010. However, this approach may give rise to many controversies. Provided that the retire time to be late, civil servants will support this resolution. As a consequence, a number of university graduates will more difficult to find a job, and some laid-off workers will face delayed pensions; therefore, that government need to consider a wide ranges of citizen interests.

The American population is getting older which presents us with many challenges but also present us with potential opportunities. With the length of life and quantity and fraction of older persons rise in most industrialized and many evolving nations, a crucial question is whether this population will be accompanied by continued or better-quality health, an improving quality of life, and adequate social and cost-effective resources. This answer lies in the ability of peoples and societies, as well as modern social, governmental, financial, and health service delivery systems, to provide optimum assistance to older persons.