Development has brought numerous benefits to human society like high birth mortality, high life expectancy etc. At the same time, there are many new challenges which have cropped up as a side effect of the development. For example, the ageing population is developed countries has created an enormous financial burden. This essay would elaborate about few of the effects of the ageing population on developed societies and would also talk about few possible steps which can be taken to overcome these problems.
A country needs working masses to produce enough output to sustain its population. These younger generation working people are the backbone of the financial system and add to Gross Domestic Product, a benchmark of development index. In developed countries, it is argued that the population ratio is skewed towards older people who are adding least to the gross domestic output and hence creating a financial burden on working masses and to the governments. China was fastest growing economy till last decade when it had most of its population younger and hence in workable condition. With development, its population I older now due to various reasons including higher life expectancy. This has significantly brought down China's growth because there are fewer people to work in its factories. Hence, we can see clearly link the financial degradation occurring in developed and developing nations to its growing aged people.
But, as it is said, every problem has a solution, so has to this problem too. Governments should first try to attack the root cause directly by encouraging citizens to opt for more children. Tax rebates and other incentives should be given to families who have more than 3 children. This will solve the problem in near term. As an immediate solution, the laws should be tweaked to encourage immigration. Younger and productive people from developing countries would help elevate the gross domestic output immediately. These measures, as one can see, are increasingly being popular in the United States and Canada.
Therefore, while financial impact of the ageing population is huge but it can easily be overcome by taking certain measures like allowing foreign immigrants and encouraging high birth rate. 
 Development
 has brought numerous benefits to human society like high birth mortality, high life expectancy etc. At the same time, there are  
many
 new challenges which have cropped up as a side effect of the  
development
.  
For example
, the  
ageing
  population
 is  
developed
  countries
 has created an enormous  
financial
 burden. This essay would elaborate about few of the effects of the  
ageing
  population
 on  
developed
 societies and would  
also
 talk about few possible steps which can  
be taken
 to overcome these problems.
A  
country
 needs working masses to produce  
enough
 output to sustain its  
population
. These younger generation working  
people
 are the backbone of the  
financial
 system and  
add
 to Gross Domestic Product, a benchmark of  
development
 index. In  
developed
  countries
, it  
is argued
 that the  
population
 ratio  
is skewed
 towards older  
people
 who are adding least to the gross domestic output and  
hence
 creating a  
financial
 burden on working masses and to the  
governments
. China was  
fastest
 growing economy till last decade when it had most of its  
population
 younger and  
hence
 in  
workable
 condition. With  
development
, its  
population
 I older  
now
 due to various reasons including higher life expectancy. This has  
significantly
 brought down China's growth  
because
 there are fewer  
people
 to work in its factories.  
Hence
, we can  
see
  clearly
 link the  
financial
 degradation occurring in  
developed
 and developing nations to its growing aged  
people
. 
But
, as it  
is said
, every problem has a solution,  
so
  has to
 this problem too.  
Governments
 should  
first
 try to attack the root cause  
directly
 by encouraging citizens to opt for more children. Tax rebates and other incentives should be  
given
 to families who have more than 3 children. This will solve the problem in near term. As an immediate solution, the laws should  
be tweaked
 to encourage immigration. Younger and productive  
people
 from developing  
countries
 would  
help
 elevate the gross domestic output immediately. These measures, as one can  
see
, are  
increasingly
 being popular in the United States and Canada. 
Therefore
, while  
financial
 impact of the  
ageing
  population
 is huge  
but
 it can  
easily
  be overcome
 by taking certain measures like allowing foreign immigrants and encouraging high birth rate.