... aged 60 years and older is expected to double. This age group is expected to account for 21% of the total global population. At the same time, birth rates are falling, in the year 2000, children represented 30% of the world's population, but by 2050, they are expected to account for only 20%. This trend is particularly evident in developed countries ... Burtless (2003) One of the biggest problems, is the expense created by the large number of pensions and financial aids organisations need to pay as the baby boom population gradually leaves the workforce. Another issue is the fact that a...

• Word Count: 1304
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate