(1 point)
Responses
Older people are not retiring and letting younger people enter the workforce.
Older people are not retiring and letting younger people enter the workforce.
There are now more retired people than working people in many countries.
There are now more retired people than working people in many countries.
Many people have retired, leaving fewer people working and earning wages.
Many people have retired, leaving fewer people working and earning wages.
Older people demand more goods and services than countries can provide.
Older people demand more goods and services than countries can provide.
1 answer
The correct response is:
There are now more retired people than working people in many countries.
This is a significant economic issue as it can lead to a higher dependency ratio, where fewer workers are available to support a growing number of retirees, potentially straining social security systems, healthcare, and public finances.
