Geriatrics & Aging

Economic and Social Impact of Ageing

Societal aging can affect economic growth, work and retirement patterns, family functioning, the ability of governments and communities to allocate appropriate resources to older people, and the prevalence of chronic diseases and disabilities.

Population aging affects all aspects of society, including health, social security, education, socio-cultural activities, family life, and ultimately the labour market. They have also thought a lot about how raising the retirement age would alleviate this labour shortage. With regard to care for the elderly, a sustained decline in fertility rates may inevitably lead to shortages of paid and unpaid caregivers, especially for the elderly. The social and economic provision of care continues to create gender dilemmas in society by limiting the range of employment opportunities for women.