Browsing: old people

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Older People Are More than a Cost Benefit Equation

Many economists and demographers, in broad-brush assessments based on little more than trend extrapolation, often misrepresent older people by pointing to their dependencies. They “prove” that dependency by setting their number against the population of younger people of “working age” using so-called dependency ratios. These dependency levels are, therefore, not based on actual care and support needs but rather on a population statistic.