Population aging is a real and far greater threat to the planet than
overpopulation, and the world will have to adapt to it in the coming
years. "In terms of racial and ethnic diversity, the population of older
adults is growing rapidly" (Mather, Scommegna, Kilduff, 2019). The
aging of the population will result in a watershed moment in human
history. When compared to the working-age population, the
proportion of elderly people is increasing. Meanwhile, the growth of
the working-age population has been attributed to much of the
economic growth over the last two decades. As the number of
consumers grows but the labor force shrinks, an increase in the
proportion of dependants will restrain growth. Domestic services
personal services, health care, tourism will account for an increasing
share of GDP while paying a low wage. In the economy, the targets
of innovation and creativity are typically young people aged 25–40.
They are both a force that generates labor productivity and value
and a force that consumes and enjoys services a work of imagination.
The fact that this force accounts for a small proportion of the total
population will stymie scientific and technological progress. Inflation
rose in tandem with the increase in the number of retirees. Higher
wages will result from a decrease in the working population
combined with a significant increase in the demand for services.
"Older adults bear a disproportionate burden of disease and
disability, making health a particularly pressing issue. More than
three-quarters of older adults in the United States have at least one
chronic illness, according to reports. (Wolff, Starfield, & Anderson,
2002) and 20% are chronically disabled (Federal Interagency Forum
on Aging-Related Statistics, 2006). The declining birth rate and
immigration restrictions have slowed America's population growth in
recent years. Currently, the Covid-19 pandemic is exacerbating the
US population growth trend. The situation described above puts the
United States at risk of population recession, which would result in a
decrease in population quality and a population imbalance similar to
that of some regions and countries with high levels of development
around the world. Population decline can have a wide range of
consequences for development policy, social security, security,
defense, and social life. Furthermore, slow population growth may
have a negative impact on the world's largest economy in the not-
too-distant future due to labor shortages and decreased demand for
goods and services.
Mather, M., Scommegna, P., and Kilduff, L. (2019, July 15). Fact sheet:
Aging in the United States. PRB. Retrieved January 25, 2022,
from https://www.prb.org/resources/fact-sheet-aging-in-the-united-
states/
McLaughlin, S. J., Connell, C. M., Heeringa, S. G., Li, L. W., Roberts, J.
S. (2009, December 14). Successful aging in the United States:
Prevalence estimates from a national sample of older adults. OUP
Academic. Retrieved January 25, 2022,
from https://academic.oup.com/psychsocgerontology/article/65B/2
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