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Outline and explain two ways in which an ageing population may have led topolicies that affect families and households today

Question

Outline and explain two ways in which an ageing population may have led to policies that affect families and households today

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Solution

  1. Pension Reforms: As the population ages, the number of retirees increases compared to the working population. This puts a strain on the pension system as there are fewer people contributing to it and more people drawing from it. As a result, governments may implement policies to reform the pension system. These policies could include raising the retirement age, reducing the amount of pension, or encouraging private pension schemes. These changes can affect families and households as they may need to adjust their financial planning for retirement. For instance, they may need to save more for their old age or support elderly family members who receive less from their pensions.

  2. Healthcare Policies: An ageing population also means a higher demand for healthcare services, particularly for chronic and age-related diseases. This can lead to increased healthcare costs and a strain on healthcare resources. To address this, governments may implement policies to improve healthcare services and infrastructure, or to promote healthy lifestyles to reduce the demand for healthcare. These policies can affect families and households as they may face higher healthcare costs or need to care for elderly family members. Additionally, they may also need to adopt healthier lifestyles to prevent diseases.

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