THE IMPLICATIONS OF DIFFERENT POPULATION STRUCTURES ON THE BALANCE BETWEEN
POPULATION AND RESOURCES
[CASE STUDY]: An Ageing Population- EAST DEVON Over 10million over 65s in the UK, 17% of the population. In the last ten years the crude birth rate in the UK has increased to 13 per 1,000 per year. However, there is still an ageing population. Ageing population is spread unequally around the UK. East Devon is popular for retirement, so has a larger ageing population. Half of the people aged over 65 in East Devon live along the coast in towns like Sidmouth and Exmouth.
Implications of having lots of old people in East Devon: Resources are stretched. On a national levels, having an ageing population means there are more pernsions to pay and less tax and national insurance for the government to collect. This creates a high elderly dependence ratio. It is not completely disadvantageous to have ageing populations. The spending power of over 50s is known as the Grey Pound. It keeps businesses going by contributing money to the local economy. They take part in coach holidays, such as Saga Holidays. On average the contribute 250bn to the UK economy. Spend most money on financial, health, beauty and travel industries. They contribute to society by doing large amounts of voluntary work. Lots of grandparents look after their grandchildren as nursery fees are high. McCarthy and Stone are a housing company that specialise in retirement flats. Builiding retirement homes and flats contribute to the construction industry. The government want to keep old people in their own homes but they can sometimes require a lot of specialist care- i.e. raised chairs/ stair lifts. E.D Council subsidise sports facilities e.g. swimming so old people can afford them.
AGEING POPULATIONS- THE ECONOMIC, SOCIAL AND POLITICAL CONSEQUENCES (UK)
AGEING & HEALTH AGEING & PENSIONS AGEING & HOUSING AGEING & CARE AGEING & THE ECONOMY AGEING & POLITICS The annual cost of health and social care are significantly greater for older people. A high proportion of older people in the future will be living alone and are likely to require formal care. Ageing population also puts a massive strain on the NHS. Cases of heart failure in the ageing population were predicted to rise by 54% by 2031. Puts pressure on A&E. Increasing government spending as number of pensioners increases. Those in retirement pay lower income taxes as they are not economically active. 12 million pensioners in the UK expected to rise to 60 million by 2050.
Old people move when retiring because of the scenery, climate etc. E.g. East Devon. Become less independent, move to sheltered accommodation or get a carer. Assisted living, e.g. Mcarthy and Stone/ Roswell Court, Exmouth, East Devon Increasing demand for health care and social services to meet the demand of all the old sick people. Results in more money being spent on medical and technological things such as hearing aids and wheelchairs. Might need to be a provision of residential homes and sheltered accommodation that there is appropriate care. Government will have to implement national health care plans. Less people working and paying income taxes workers have to pay higher taxes. Shortage of workers, hence push up wages causing wage inflation. Higher savings for pensions may reduce capital investment. If a higher % of income is out into pension funds, it could reduce the amount of savings available for more productive investment leading to lower rates of economic growth. The Grey Pound contributor to the economy. Encouragement of immigration- young workers from overseas can fill skills gaps in the labour marker. UK government responded to the expansion of the EU by encouraging workers from E. Europe which joined the EU in 2004. Produced rapid results. UK government did not follow the Scottish government by not introducing a policy of free residential and personal care for those over 65, this policy was established in 2002 by the Scottish Government.