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Advantage - Spijker and MacInnes (2013) say an ageing population is a positive thing
As it has improved healthcare and a more active lifestyle means older people are fitter and less dependent compared to previous older generations
Advantage - ageing population allows people to be closer with grandparents and they help contribute to socialisation
Grandparents looking after children covers over £11 billion of childcare costs in a year
Advantage - ageing population may increase the likelihood of
Women perusing higher careers due to the decline of fertility rate
Disadvantage - ONS (2019) states there are
1.3 million people in the UK with multi-generational caring responsibilities
Disadvantage - an ageing population means there is a greater
Tax burden due to pensions
Disadvantage - older generations are often looked after by female relatives and can care over 50 hours a week
This results in gender economic inequality as it creates financial hardship and poverty if people have to give up work