Monday, September 13, 2010
Old age doesn't start at 65 - scientists
Scientists at the International Institute for Applied Systems Analysis, based near Vienna, said a person reaching 65 should no longer be considered old. Many populations are aging slower than the conventional measures based purely on chronological age. Higher standard of living and healthier lifestyle shape people to be fitter even though they are reaching old age,lower down the dependency ratio. Therefore, there is an overestimate on the potential burden caused by aggrandizing ageing population. The disability status and longevity have changed which allow people to retire in later time compared to the fixed chronological ages. Health provisions can also be reassessed.
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It is really a fact that higher standard of living in the more advanced era improves the health of each individual. High technologies are widely available to curb various incurable diseases in the past. Therefore, people are fitter and healthier to serve more years, enhance the productivity of a country. On the other hand, it can help to cut down the pension payment given and channel for more productive purposes. This indirectly promote labour market reform.
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