AGEING OF POPULATION Ksenia Semochkina Ksenia Chumak 18201

AGEING OF POPULATION Ksenia Semochkina Ksenia Chumak 18201

THE CONTENTS The essence of the process of population ageing Statistics Implications Solutions Benefits

WHAT IS AGEING OF POPULATION AND WHY IS IT HAPPENING? fertility decline ageing of “baby boom” generations increase in life expectancy the median age of a country or region rises

THE CURRENT SITUATION INEUROPE Percentage of the population over 65

SHARE OF ELDERLY POPULATION INEU

INCREASE IN LIFE EXPECTANCY

DEPENDENCY RATIO

IMPLICATIONS Success story for mankind Serious challenges

IMPLICATIONS Pension scheme retire before 61 N of working people < N of older people Pay-and-go Financial crisis Pension Private

IMPLICATIONS Health care in USA 14 % of GDP - at present 28 % of GDP – in 2030 85 % of people over 65 – 1 chronic disease increased health-care costs “global nursing home”

IMPLICATIONS Labour market not working longer 1973 – 1993 – from 14 % to 36% - 55 – 59 years from 28 % to 61 % - 60 – 64 older people work better labour shortage

IMPLICATIONS Family pattern live longer + have fewer children less familial care great-grandparents N of living alone long-term care – key issue migration of health workers globalisation of support

IMPLICATIONS home nursing community care residential care long stay hospital

IMPLICATIONS economic challenges solution UN developed recommendations v reorganization of social security system v changes in labour market v promotion of healthy lifestyle

SOLUTION demographic changes increasing the age of retirement higher labour force participation immigration controversial no single plan

BENEFITS cohesive society social support lower crime rate more vibrant economy

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