Economics and the Elderly

Essay # 9661

Aging
Canadian Studies > Economics and Finance
Canadian Studies > Government and Government Policy

An examination of population surge and its influence on the economy.

987 words () | 7 sources | MLA | 2002 United States

Paper Summary:

This paper evaluates the economic requirements of the elderly today such as health plans and pensions and discusses what will happen when those born in the baby boom of the 1950s and 1960's become pensioners. It examines the foreseen drain on the economy and the effects it has on Medicare and pension plans as well as Social Security. The paper includes statistics and a graph.

From the Paper:

"Modern Canada is also suffering from many of the issues that currently plague the United States. According to a statistical analysis provided by Canada's Daily report, "One out of every eight Canada's citizens reported that they had unmet health care needs in 2000/01, up from one in twenty-four in1994/95. Prolonged waits and unavailability of services were the most frequently reported reasons for such unmet needs." If this pattern continues in its hostile direction, these painful statistics will grow in coalition with its offset pattern. The problem with treating Canada's elderly is that the Canadian hospitals do not have the money or the room for such a large number of older people needing health care (sound familiar). In a recent health care study done by the University of Toronto, states that "80% of young people between the ages of 18-45 are given higher priority in health care over those between the ages of 45-80.""