{"id":997,"date":"2024-01-20T16:15:41","date_gmt":"2024-01-20T16:15:41","guid":{"rendered":"https:\/\/focus-pacific.com\/?p=997"},"modified":"2025-04-23T15:29:39","modified_gmt":"2025-04-23T15:29:39","slug":"rapidly-aging-society","status":"publish","type":"post","link":"http:\/\/focus-pacific.com\/?p=997","title":{"rendered":"Rapidly Aging Society"},"content":{"rendered":"<p>The world\u2019s societies are slowly aging where the population contains more of elderly people aged 60 and above. \u00a0Statistics suggest that by the end of the 21st century, the demographics will show a declining birth rate and a stabilization in the population.\u00a0 Literature suggests that Asia and Asia Pacific countries have 2\/3<sup>rd<\/sup> of the world\u2019s elderly population of 2050, which would be a staggering two billion elderly people aged over 60 years. By 2050, 10% of the world\u2019s population would be over 80 years of age, and will make up about 379 million in numbers.\u00a0 The European demographic will contain 12% elderly people by 2060, which will be around 62.4 million. The concept of \u201cGraying America\u201d is already a hot topic as it is estimated to put a lot of pressure in the healthcare sector. It is estimated that by the year 2030, 20% of the US population, which would approximately be 72 million people, would be over the age of 65 years. The exception to these demographics is the African population, which will remain young with 1\/3<sup>rd<\/sup> of its population still under 15 years of age.<\/p>\n<p>The main drivers of population aging are increased longevity and decreased fertility. Longevity has increased primarily due to healthy living, prevention of diseases, senescence prevention and excellent medical care. Studies also show that the population of older people is directly proportional to the high income status of the country. Reduced fertility rate is observed in 2\/3<sup>rd<\/sup> of the world\u2019s population, and is thought to be due to personal choices and shift in paradigm associated with childbearing and childrearing.<\/p>\n<p>An aging society will have a negative effect on the country\u2019s economy since older people cannot contribute to the economic growth.\u00a0 Decreased fertility rates would lead to economic and demographic deficits and reduced labor availability.\u00a0 The ability of a country to finance its public welfare program in case of increased longevity will put a lot of financial pressure on the government.<\/p>\n<p>Some of the ways to tackle this scenario would be to increase labor force by supporting immigration, increase fertility rate by providing incentives to the parents and increase age of retirement.<\/p>\n<p>\u00a0Xu Yuan Ming<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s societies are slowly aging where the population contains more of elderly people aged 60 and above. \u00a0Statistics suggest that by the end of the 21st century, the demographics will show a declining birth rate and a stabilization in the population.\u00a0 Literature suggests that Asia and Asia Pacific countries have 2\/3rd of the world\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-997","post","type-post","status-publish","format-standard","hentry","category-soc"],"_links":{"self":[{"href":"http:\/\/focus-pacific.com\/index.php?rest_route=\/wp\/v2\/posts\/997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/focus-pacific.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/focus-pacific.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/focus-pacific.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/focus-pacific.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=997"}],"version-history":[{"count":2,"href":"http:\/\/focus-pacific.com\/index.php?rest_route=\/wp\/v2\/posts\/997\/revisions"}],"predecessor-version":[{"id":1054,"href":"http:\/\/focus-pacific.com\/index.php?rest_route=\/wp\/v2\/posts\/997\/revisions\/1054"}],"wp:attachment":[{"href":"http:\/\/focus-pacific.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/focus-pacific.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=997"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/focus-pacific.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}