Growth in the Older Population

Topics: Gerontology, Retirement, Social Security Pages: 3 (731 words) Published: April 25, 2013
Growth in the Older Population
Tene’ Williams
SOC 304 Social Gerontology
Prof. Kristin Bachman
March 18, 2013

Growth in the Older Population
Although the growing older population is increasing in the US, the impact of this increase is affecting several different political embattlement related programs for the aged (i.e., Medicaid, Medicare, Disability, welfare, Supplemental Security Income, and The Older Americans Act). Being that people are living longer the cost of healthcare has increased while the housing necessities, economic assistances, and people who contribute to Social Security have condensed. According to our required text, “demographic transition is a gradual process that occurs when a society moves from high birth and death rates to low birth and death rates” (Markson & Stein, 2012). The social and demographic changes of the last century led to the increased growth and aging of the population by transitioning and evolving with time. Back in the 19th and early 20th century, the world was not as advanced as it now. Currently there are better medicines, vaccines, technology, health care and opportunities to seek assistance. Consequences are involved with the increase growth of the population. The consequences include income and financial resources, supplemental security income, poverty, work and retirement. Income and financial resources such as Social Security is a major source of income for the elderly. The Social Security Act was passed in 1935, all but a few modern nations had long since established some form of nationa social insurance” (Mark & Stein). i. Working citizens will pay

ii. 6.2 percent of workers income will go into social security this year. Last year was 4.2 percent iii. Experts think
a. Supplemental Security Income- (SSI) a United States government program that provides stipends to low-income people who are either aged (65 or older), blind, or disabled.[1] Although...
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