The ageing Australian population is not posing a significant risk to our economy. It has been said and proven that the Australian population is rapidly ageing and many of our seniors have not saved enough to support themselves and the "pre seniors" are saving even less. But is this really a crisis? It has been proven that seniors in this day and age are working longer and living longer and healthier. On the other hand it is argued that it also leads to increased funding required for health care due to epidemics of dimeters and Alzheimer's. So do the positives out weigh the negatives? Does it prove that the ageing crisis is not at all posing a risk to out economy?
The Australian workforce is ageing because the baby boom generation is getting older and proportionately fewer younger people are replacing them. Because we are living longer, and women are having fewer children, and the big baby boom group is about to retire early, Australia will face an "age dependency problem".......
Join Now or Login to view the rest of this paper.
Approximate Word Count: 741
Approximate Pages: 3 (260 words per double-spaced page) |