Question

Why is Europe aging population in economic issue A older people are not retiring and letting younger people enter the workforce B there are now more retired people than working people in many countries C many people have retired leaving fewer people working and earning wages D order people demand were goods and service than countries can provide

Answer 1

The aging population in Europe poses significant economic issues primarily for the following reasons:

B: There are now more retired people than working people in many countries.

This demographic shift leads to several challenges:

• Pension Strain: With a growing number of retirees, there’s increased pressure on pension systems as fewer workers are paying into these systems.
• Labor Force Shortage: A shrinking workforce can result in labor shortages, hindering economic growth and productivity.
• Healthcare Costs: An older population typically requires more healthcare services, increasing public spending in that sector.
• Economic Growth: Slower growth can occur when there are not enough workers to sustain economic activity.

While other options touch on related themes, B captures the core issue regarding the balance between the working population and retirees.