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[originaltext] Aging Problems UN has
[originaltext] Aging Problems UN has
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2023-10-22
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Aging Problems
UN has claimed that the number of people on the globe should as expected reach 9. 2 billion in 2050, which will include elderly persons numbering 1 billion. The increasing aging population will cause the increase in the dependency ratio. / This means that there will be more people claiming benefits such as state pensions, / and less people working and paying income taxes. / Thus, those in work will have to pay higher taxes. / This could create disincentives to work and for firms to invest, / therefore there could be a fall in productivity growth.
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Aging Problems
UN has claimed that the number of people on the globe should as expected reach 9. 2 billion in 2050, which will include elderly persons numbering 1 billion. The increasing aging population will cause the increase in the dependency ratio. / This means that there will be more people claiming benefits such as state pensions, / and less people working and paying income taxes. / Thus, those in work will have to pay higher taxes. / This could create disincentives to work and for firms to invest, / therefore there could be a fall in productivity growth.
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