Aging Population Essay

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Introduction The ageing population is a phenomenon that most of developed nations struggle in recent decades. The purpose of this paper is to identify the meaning of the ageing population and analysis the impacts that it could have on society. Population ageing happens when the average age of an area growths due to increasing longevity and declining birth rates. Also, another factor that affect proportion of ageing population, especially in Australia, is baby booming. The phrase Baby boomers refers to people who born during the demographic post World War II between the years 1946 and 1964 and more than 4 million Australians were born during that 6 years. The percentage of Australia’s population aged over 65 years has increased 5 per cent from …show more content…

Higher savings may reduce capital investment and lead economic to lower rates of financial growth. This means businesses face to some difficulties, because only younger people work and spend money in a country. The most recent IGR estimate that for any elderly there will be only 2.8 people at working age. This means in future Australia will face to lack of enough workers if government does not manage the ageing population appropriately. By 2050, the 2010 IGR projects that for every person aged 65 years and over there will only be 2.8 people at working …show more content…

For elderly is important their house be comfortable, affordable, suitable and accessible and these would be a significant influence on both retiring households and investors.
First of all, population ageing require more housing than other generation. Since older people tend to live independently, reducing the total tenancy of dwellings. As great portion of population are elderly so more housing will be required to accommodate these households.
Furthermore, in Australia the priority of people, is living in a separate house. Near 80 per cent of people aged 65 years and over currently live in detached houses. As great services and high quality health care are vital for these people, so the requirement for good located and reasonable housing is significant.
Last but not the least, the reasons for older persons to move into different appropriate housing is influenced by different ranges of options, from the availability of accommodation, to different choice or family and economic conditions. Based on the 2011 census data, AHUR stated that 25 per cent of all retired families moved home during the last five years. This means that elderly person usually tend to stay in their current home and they do not want to move to a new place until their health change or other personal circumstances necessitate a

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