Question

Why does an increase in the number of people who are older than 65 worry some people? Explain your answer, making sure to address facts that can mitigate those fears.

a) Decreased healthcare costs

b) Increased job opportunities

c) Strain on social security

d) Enhanced cognitive abilities

Question 3950: Mathematics

Answer 1

An increase in the number of people who are older than 65 worries some people due to strain on social security, increased healthcare costs, and decreased job opportunities. However, it can also lead to increased job opportunities.

Step-by-step explanation:

An increase in the number of people who are older than 65 worries some people due to several reasons:

1. Strain on social security: As the number of people who are retired and collecting Social Security increases, there is a concern about the financial stability of the program. This is because the current payroll tax levied on workers may not be enough to cover the expected costs.
2. Decreased healthcare costs: As people get older, their healthcare needs tend to increase. This can lead to higher healthcare costs, which may strain the healthcare system and increase the burden on younger generations.
3. Increased job opportunities: On the positive side, the aging population can also create increased job opportunities, particularly in industries related to elder care and healthcare. This can help stimulate economic growth and provide employment for younger generations.