Aging Population
The world is getting older. How much older?
By 2050, the number of people over 65 will triple. A new aging attitude survey of 21 countries by Pew research center, found that Japan is the most worried about aging. 87 % of people think it’s a problem. That’s in contrast to the US, where only 26% of people are concerned.
The survey found that the older the population is predicted to be, the more they worried about aging. Countries also have different takes on who should care for the elderly.Only a few who think the seniors should take of themselves. Overall, most people believe that the government should be responsible. But also look at a place like Pakistan, where 77% of folks believe that it’s up to families.
All this aging can hurt economies. Spain is a good example. In the future, there will be more people younger and older relying on those of working age.
The US, however, may have the advantage here, its population is growing slower and getting older. But it’s still projected to be younger than major trading partners in Europe and Asia. That’s because America has the most immigrant of any country. They are bringing high fertility rates even US-born women are having fewer babies. Between 1960-2005, immigrants and their descendants accounted for 51% of US population growth. Now, between 2005 – 2050 they account for 82% of that growth.
Countries with the biggest chances of economic boost maybe those with the youngest population.
In the upcoming articles, we will see how Internet of Things (IoT) can help to lessen the burden of aging population.