Economics and the Role of the Retiree

The combined weight of financial provisions, both on part of the government agencies and the employing organizations, is sometimes too heavy to be easily endured and managed, with the result that the retired people significantly influence the economy of a country. This influence of the retired employees on the economics does not go unnoticed by the governing agencies and so there is an ongoing debate about delaying the retirement age and so alleviate the financial pressure exerted on the economy.
This is an acclaimed fact that societies and cultures have the huge impact on the aging processes. Lately, in some countries, certain laws have been made that require the employers to deal the retirement issues in an easy way and delay the age of retirement. Such revolutionary steps are capable of bringing a drastic change in shaping the social and cultural structures in addition to slowing down the aging processes. This is the general consensus among the sociologists that the retirement phase greatly speeds up the aging processes because retirement is armed with many depressing agents that are potentially capable of causing declines in physical fitness and social interactions that consequently lead to rapid aging of an individual. Aging can be greatly reduced in the working people by providing first-class medical facilities that are within everyone’s approach, irrespective of class difference. Provision of such health facilities on a larger level can ensure more healthy and active years, due to which retirement age can be delayed and economic pressure can be handled. Such strategies are more favorable when compared to the unconvincing steps taken by the governments that are largely defended on the basis of budget problems. In most of the cultures, the elderly people are themselves required to handle the financial burdens and so various employment patterns can greatly affect the aging processes.

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