Increasing Life Expectancy
In the developed world, average life expectancy is increasing.

What problems will this cause for individuals and society?
Suggest some measures that could be taken to reduce the impact of ageing populations.

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  1. Priscilia says:

    Problems for individual
    – Heavy financial burden
    – save up for fund for retirement
    – substantial amount of money needed for medical expenses due to deteriorating health

    Problems for society
    – Weaken economy growth due to ageing population in workforce
    – decrease in size of labour force
    – greying workforce may lead to slower/lower rates of participation

    Measures for individual
    – Financial savvy/ independent by planning ahead for the future
    – Life-long learning mind-set to keep apace with changing society and work environment

    Measures for society
    – Pushing back/ freedom of retirement age so that individual can support themselves
    – extra incentives, tax and benefit policies
    – provide easy access of medical assistance and adequate social service

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