There is notable change which has happened the last decade in the world the change is growing of median age. Of course there are causes and effects in different lifestyle. Thereby, there are three causes and effects of the aging people who live around the world, aging of United State, ratio of younger people who support elderly people is declining and increase in consumption for older generation.
The aging people of United States is increasing because the people who living
in United State are living until age 75. Birth rate is declining and the Baby Boomers
generation are increasing . Also, because the birth rate is declining for example, the
younger people that live in United States are decreasing gradually, and the aging
people are increasing, so this is the reason that made the rates of younger people are
declining.
Ratio of younger people who support elderly people is declining because
the number of retirement is change for example, before around 65 years ago there were
42 younger support one aging. In 1960 there were nine younger people support one
aging, so these days there are three younger people support one aging. Maybe after
around 17 years will be two younger people support one aging.
Increasing in consumption for older generation which is the Baby Boomers
generation because higher social security taxes in consumption of younger people
individual for example, many of the younger people around the world their governments
take of them taxes, by this case will effect to the younger people and they can't support
their parents and help them.
In conclusion,there are more elder people than younger people, so it's difficult to
support elder people with the same rate of taxes that the governments get from younger
people. In my opinion, the governments should be change the way of social security to
fix these situations.