Reflective Summary Effect of Changes in Demography and Economy on

ReflectiveSummary: Effect of Changes in Demography and Economy on Long-TermCare

ReflectiveSummary: Effect of Changes in Demography and Economy on Long-TermCare

Changesin demography and economy are likely to affect long-term care in anegative way. These effects are likely to manifest in three ways.First, trends show that the global population, especially thepopulation of developed nations has been aging at a faster rate thanin any past. According to Organization for Economic Cooperation andDevelopment (2011) the population of people aged 80 years and abovewas about 1 % in 1950, but it is expected to reach 10 % by 2050. Thiswill increase demand for long-term care since older adults are moresusceptible to long-term illness compared young people.

Secondly,the increase in the population of senior members of the societycoupled with the increase in demand for long-care services will leadto a disproportionate increase in the population of caregivers.According to OECD (2011) the working age population is expected todecrease by 9 percent (from 67 % to 58 %) between 2010 and 2015. Thismeans that the number of long-term care givers will be less than thenumber that will be required to serve a larger population of peoplein need of long-term care, which will in turn reduce the quality oflong-term care.

Third,the rate of inflation and the overall cost of living has beenincreasing exponentially, which presents a serious economic challengein the world (Batljan, 2007). This suggests that economic hardshipswill result in an increase in the cost of delivering long-term careto people in need. Consequently, the access of long-term careservices to poor older adults will reduce, which will in turn affecttheir overall wellbeing as well as the quality of life in a negativeway.

Conclusion

Demographicchanges coupled with changes in the global economy will affectlong-term care in a negative way. Demographic changes will increasethe demand for these services and lead to a decline in the number ofcaregivers. Economy changes will increase the cost of deliveringlong-term care and reduce the access to these services.

Reference

Batljan,I. (2007). Demographicsand future needs for public long-term care and services among theelderly in Sweden.Stockholm: Stockholm University.

Organizationfor Economic Cooperation and Development (2011). Sizingup the challenge ahead: Future demographic trends and long-term arecost.Paris: OECD.