Aging Population A Global Phenomenon - 1519 Words

Introduction Population aging can be defined as the median age of the population increasing over time. Aging population is becoming a global phenomenon as the baby boomers are hitting the 65-year mark and fertility rates are declining. An aging population has become an issue that many countries are having to face with significant impacts in economic areas. The Canadian population has changed drastically over the last several years. As the baby boomers (the segment of the population born post World War II approximately 1946 to 1964) have grown older and become more dependent on health care and social programs to support their living. The Canadian government has become increasingly concerned with this global phenomenon as they now must invest more money in health care and pensions. This trend will continue in time as in 1971 8% of the population was 65 or older compared to today’s statistic of 14.4% of the population being 65 or older. The industrial revolution played a huge role in the demo graphic transition of societies and has impacted fertility rates; we have seen a large decline in fertility within Canada. On the global scale the natural rate of increase is 2.1 births per women whereas; Canada’s current fertility rate is 1.2. This, too, will have implications on society for the dependent older age sector. Furthermore, the implications of an aging population in Canada are taking great tolls on the health care sector as many of the demographic require medical support. InShow MoreRelatedMigrant Workers In China Case Study840 Words   |  4 PagesExperience Population aging has been a global issue. According to the United Nations statistics, population aging is occurring throughout the world. In 2015, there are 901 million people aged 60 or over, comprising 12% of the global population. The population aged 60 or above is growing at a rate of 3.26% per year. It is projected that by 2050, the global population of all major areas of the world except Africa will have nearly a quarter or more of their populations aged 60 or over. [37] Population agingRead MoreEconomic Development Patterns Of Employment And Retirement915 Words   |  4 Pagesthe government play in this process, if any? Societal aging may possibly affect economic development patterns of employment and retirement, the way individuals and families operate, the capabilities of governments and communities to offer sufficient resources for the elderly population, and the commonness of chronic disease and disability. The social, economic, and demographic deviations that the United States is undergoing at the population level may perhaps have far-reaching outcomes on one’s physicalRead MoreIntroduction Of Late Adulthood And Retirement1659 Words   |  7 Pagesan increase with people age sixty and above. Consequently, this aging population has significant effects on many aspect of society. 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