Overview
As populations age, economies face significant challenges and opportunities. The increasing number of older individuals can strain healthcare systems, pension funds, and labor markets. Policymakers must address these issues to ensure economic stability and growth. Understanding the economic impacts ...
Key Terms
Example: Demographics show that the population is aging rapidly.
Example: Labor force participation rates decline as more people retire.
Example: Healthcare costs rise significantly with an aging population.
Example: Many countries are reforming their pension systems to ensure sustainability.
Example: Social Security benefits are crucial for many elderly individuals.
Example: Economic growth can be affected by changes in the workforce age structure.