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The Aging Population, Notes - Coggle Diagram
The Aging Population
References
I know I referenced wikipedia, but that's the most layman term I seen in the internet
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Slide 19
There is one way we can mitigate the effects of the ageing population, this is to make the elderly's physically and mentally fit
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The young people in large population countries should be used to fill the gaps in the labour market.
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What is it about?
The Aging Population is a phenomenon where the median age is older while the amount of young people is decreasing due to declining birth rates.
This often results to a higher number of older people (typically people at the age of 60+ years and older) against younger people in the society (below 40 years old).
The world population is aging, low birth rates in improving healthcare in developed and developing world, it means that people are living longer.
Why does this happen?
Fertility Rates
Specifically, the Fertility Rates. We work so much that we don't have time to mingle, or don't have time to think that having a children is a good idea.
It's expensive to support a family, even just for yourself. That's why people decide to not have kids.
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Slide 1
“Hello! Today, we’re tackling a global issue: aging populations.
While the Philippines remains youthful, Japan faces a demographic shift.
A study has shown that, Japan’s population decreases by 1 million every 2 years.”
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Slide 6
Population Distribution
In 2020, 5.4% of the population was aged 65 and over.
This percentage is expected to increase in the coming years, presenting new challenges for our society.
Slide 7
Aging Index
The aging index, which is the ratio of the elderly to the young in a population, was 27.6% in 2020. This is a clear indicator of the demographic shift we are experiencing.
Slide 8
Life Expectancy
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As medical advancements continue, these numbers are expected to rise.
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Slide 14
Ignorant World
What does it look like?
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People work, people pay, people donate.
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Slide 10
Challenges - Healthcare
As people age, their healthcare needs increase funding.
This puts a strain on our healthcare system, which needs to adapt to cater to these changing needs.
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Slide 12
Challenges - Economy
An aging population can impact the economy, including the labor market.
Less people working, because they are now elders. That's why it's a problem.
Slide 15
Fearful World
Example, in 1965, when Nicolae Ceausescu took the helm in Romania.
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Result
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Temporary Spike but after their job is done, they are disposed as orphanages.
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Slide 18
Policy Responses
Policies can help address the challenges and harness the opportunities of an aging population. These can range from healthcare reforms to changes in the labor market.
Healthcare Policies
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This includes preventative care, treatment options, and accessibility of services.
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