What are the results “impact” of an Ageing population on the west?

What are the results & impact of an Ageing population on the west?
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What are the results & impact of an Ageing population on the west?
Introduction
As the ageing population continues to grow rapidly in the west, there is concern regarding its socioeconomic impact. Further, a higher population of older persons means that governments in the West spend more on their older citizens. As such, governments in the west are now facing challenges in terms of providing adequate public services. On the other hand, the impact on the economy is adverse due to the decline of an experienced workforce. Socially, older people need more care and this tends to impact negatively on the significant others, and particularly, the younger generations (Sakaguchi, 2015). This paper explores some of the results of an ageing population that include dependency, increased government spending and a decrease of human capital.
The dependency of senior citizens on the younger generation

Ageing tends to affect the mental and physical capabilities of many people and this means they need help to do most things in later years of life. This is a role that is often taken by adult children who nowadays spend most of their time taking care of their older parents. As such, they have limited time to engage in other economic activities that can improve their leaving standards. For instance, adult children may put their career on hold in order to take care of their ageing parents. …