Publisher's Synopsis
This essay sheds light on the benefits appertaining to the average age of the population increasing and also punctuates the economic implications that an aging population has on markets and industries. One of the benefits associated with an aging population is that workforce participants become more competent and skilled as they assimilate more knowledge and build more wisdom overtime. Additionally, crime rates will decrease as the population ages since an older population is far less likely to commit crimes than their younger, influential counterparts. As per the economic implications associated with the population aging, aggregate customer spending may decrease in the pending since if death rates significantly trump birth rates in the future. The economic implications can also be financially devastating in the long haul if customer spending eminently plunges as a result of less prospective customers and work force participants being born to replace a shrinking population of customers and work force participants.
