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Higher taxes for the working population as government might need to spend more on state pensions and healthcare

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Lower tax revenues: Retired people pay lower income tax. Therefore the working age population has a greater responsibility to pay tax.

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elderly often do volunteer work/babysit young dependents (pos)

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Increased tax revenue due to high working pop paying income tax

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Inequality: Raising the state pension age will have different effects. Some people with a substantial private pension will not be really affected. They can still choose to retire when they want. However, others with no or minimal state pension will have to work longer.

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Higher government spending for things such as healthcare for the elderly.

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high taxes for economically active population

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lower pension funds (neg)

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earlier retirement age (pos)

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- inequality in status as pension funds are varied across status
- bigger political voice for the older dependants

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older people and young people (dependents) will have a bigger political voice

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More government spending

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more economically active people increases competitiveness, and higher productivity

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Lower tax revenues: Retired people pay lower income tax. Therefore, the working age population has a greater responsibility to pay tax.

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Since there's a higher population of old dependents they might vote for a different attitude to how we care for old people. e.g. should someone’s house be a mortgage to pay for their healthcare? Should responsibility for looking after old people fall on the state or should private charity and family play a greater role?

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Higher tax for workers

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higher government spending on elderlies

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With a high elderly dependency ratio, the rate of non-communicable diseases like Alzheimer’s increases, this may severly impact a family’s financial security, as treatments may be costly and only treatable rather than curable.

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higher taxes for the working age population

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government can use tax revenue for other projects (pos)

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There will be a greater retired population and they'll have a bigger voice on how countries care for the elderly

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there are sufficient people working who can support the dependent population. A lower ratio could allow for better pensions and better health care for citizens.

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Higher pension funds

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working population has a greater say in politics

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Greater government budget - allow for better pensions and better health care for citizens.