Geography, asked by piashbhuyea2017, 2 months ago

Briefly discuss the consequences of increasing life expectancy and aging on the economy and society

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Answered by awadprajakta24
2

Answer:

Main impact of an ageing population

If the retirement age remains fixed, and the life expectancy increases, there will be relatively more people claiming pension benefits and fewer people working and paying income taxes. The fear is that it will require high tax rates on the current, shrinking workforce.

Explanation:

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