Consequences of an aging and youthful population (8)

Cards (5)

  • Aging population
    • Need for more geriatric (healthcare in regard for old people) care services such as care homes and meals on wheels
    • Creates employment in these sectors (e.g Geriatric Nurses) and leads to economic growth
    • Increased demand for medical care and rising health costs for elderly people e.g sheltered housing and retirement homes will require a bigger % of the country's budgets
    • Rise in the retirement/pension age
    • Older people increasingly provide substantial childcare for their own children and grandchildren, saving parents money on childcare costs
  • Youthful population
    • Eventually forms the active working population, vital for the development of the country
    • Larger potential workforce which may attract multinational companies to the country
    • Can be used to attract inward investment, leading to job prospects
    • Increased pressure on the working population to provide for more than half of the population
  • Expenses of a youthful population
    • Spending on hospitals, doctors, nurses and midwives to provide the medical care for children (Paediatric Care)
    • Providing education (schools and teachers) for the young dependents
    • Pressure on farmers to grow enough food leads to land farmed intensively making soil quality poorer
    • More and more trees are being cut down to create farmland which leads to desertification and climate change
  • Geriatric care services

    • Care homes
    • Meals on wheels
  • Young population
    • Can be used to attract inward investment
    • Leading to job prospects