The Ageing of the American Population Of the total federal expenditures in 1995, Social Security together with Medicare(federally founded health program aimed at helping the elderly, founded in 1965) was the largest, accounting for about 34 percent. In 2005 this figure is predicted to be as high as 39 percent. This is caused by the "graying" of America and the increased number of elderly who will collect benefits for a longer portion of their lives, coupled with a reduction of the number of workers available to pay for their benefits. Increasing costs of living and higher standards of living (as reflected in higher wages) also are consequences. In short, if no action is taken in the interim, by approximately 2013 the federal government will have to raise taxes, increase the debt, print more money, reduce Social Security benefits immediately, or do some combination of those things to rectify the Social Security cash-flow imbalance.
Growing at 3,000,000 per year, U.S. population is expected to approach half a billion people in 50 years. A number of factors drive this growth. At the most basic level, it is because far more people are born each year than die. Advances in nutrition and health care have increased survival rates and longevity for much of the world, and shifted the balance between births and deaths. The demands of increasing population magnify demands for natural resources, clean air and water, as well as access to wilderness areas.
Should immigration into the United States be limited? Immigrants are a large and growing factor in the stubborn level of poverty seen in the United States over the past two decades because newcomers to the country are more likely to be poor and to remain so longer than in the past, according to a new study. The report, to be released today by the Center for Immigration Studies, says the number of impoverished people in the nation's immigrant-headed households nearly tripled from 2.7 million in 1979 to 7.7 million in 1997. During that same period, the number of poor households headed by immigrants increased by 123 percent while the number of immigrant households increased by 68 percent, according to the study. The share of immigrants living in poverty rose from 15.5 percent to 21.8 percent, the report notes, a change that some analysts say holds troubling implications for the nation's future.
These factors have contributed to an aging society by increasing the average life expectancy in the United States “by twenty-eight years since the year 1900” (Butler, Lewis, and Sunderland, 1998, p. 3). The impact of the baby boom demographic group has the potential to revolut... ... middle of paper ... ... (1999, July). Health boom: tips for aging baby boomers. Indiana Business Magazine, 43, 4p. Retrieved on July 9, 2001 from EBSCO database (Masterfile) on the World Wide Web: http://ehostvgwl.epnet.com/ehost.asp?key=204.
In the United States, the 65 and older population will more than double by 2050, rising from 39 million in 2009 to 89 million (Edwards). However, longer life expectancies come with consequences. We are facing a crisis that will have an unprecedented impact on our economy, labor force, and health care system. While the older population grows at a faster rate than any other age group, the size and quality of the work force is compromised. As the elderly leave the labor force and consume a larger share of goods and services, our economy will suffer along with the wellbeing of all Americans.
Increase in usage will surely increase the cost of health care. On average, between the ages of 45 and 65, a person’s usage of health care triples. Eighty year-olds use nine times more health care services than 45 year-olds. By the year 2030, the number of people over 65 is expected to double. The cost for medical services have increased as well.
The predictions from the United States Census Bureau state that between 1990 and 2000 the increase of the American population over 60 will be 10.5% but in 2010 to 2020, the increase will be 32.5%. The change in the 60 plus population in the United States is projected to nearly triple in thirty years. Compare these figures to the increase in under sixty-year-old population. From 1990 to 2000, t... ... middle of paper ... ... the economic obstacles caused by an aging workforce. The companies of today are aware of the constantly growing problem and are working towards a solution.
Retrenchment as A Result of Rapid Population Growth The size of population tends to exceed the environmental resources an area can sustain because of increased birth rate, lowered death rates and increased migrations. Consequently, the over populated world encounters global crisis such as global warming, depletion of natural resources, unemployment and slower economic development. A report from The Nation, talks of overpopulation in the world in the following manner. “The earth circumference is approximately 24,900 miles, which caters now to nearly seven billion people. One and a half million are added every week.” (Shah, 2012) Population, as aforementioned is altered by increased reproduction rate, which is due to early marriages and lack of knowledge regarding family planning and contraceptives.
Because of this new trend, many countries have come to rely on these older employees emerging in the workforce. According to the AARP 20% of America's workforce is expected to be over the age of 55 by the year 2015, with an increase of 50% happening in 2014. This increase of people over the age of 55 in the workforce will naturally lead to a decrease in younger employees, aged 25-54 ( McMahan 50). Because of a longer life expectancy in the United States, our aging population will in turn create an aging workforce. Beginning in 1948 employees over the age of 55 steadily decreased until 1993 and up until the Great Recession beginning in 2007.
In 1804, the world reached a staggering population of one billion human beings and population growth continues to increase drastically, as the world now holds 7.6 billion people. There are many factors that carry both positive and negative effects on population growth all around the world, such as fertility rates, infant mortality rates and education and health care. Therefore, this article will focus on the effects of fertility rates, the increase of medical systems which can lead to the decrease in infant mortality rates and lastly, the improvement of education and health care, which can lead to the improvement of population growth and decrease overpopulation. Fertility is a key component in contributing to population growth for future generations to come.