Are You Ready for the Aging and Low Birthrate?

        According to statistics from the Ministry of the Interior, the number of marriageable people aged 20 to 49 in Taiwan is as high as tens of millions, but it may be affected by economic pressure, changes in values, inadequate childcare facilities, worries about the future of children and other factors. The unmarried population tends to increase year by year, which leads to higher childbearing age and the phenomenon of older and younger children. Are you ready for the long-term photo problem brought about by the change of population structure?

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        According to the definition of the United Nations World Health Organization (WHO), the proportion of the elderly population over 65 years of age in the total population is 7%, that is, the "aging society"; 14%, that is, the "aging society", if the proportion of the elderly population reaches 20%, it is called the "super-aged society". In the latest Population Estimation Report (2018-2065) issued by the National Development Council in 2018, Taiwan became an ageing society in 1993 and entered an ageing society this year. It is estimated that after eight years, the proportion of the elderly will exceed 20%. The rate of ageing will be even faster than that in Europe, the United States and Japan. In terms of the change of population age structure, the number of women of childbearing age will decrease. The number of young people aged 0-14 years will continue to decline in the future due to the influence of younger age and older age.
        
         According to statistics, the most common reason for using long-term care is that 15% of the injuries are caused by accidents, while 85% are caused by diseases, and most of them belong to the scope of unexpected insurance which cannot be guaranteed. Therefore, it is not enough to reduce the damage caused by incapacity by accident insurance alone.
        
         Regarding the care of the elderly, the monthly cost of living in a maintenance centre is about 36,000 yuan, while the employment of foreign caregivers is a lighter choice with a monthly payment of about 23,000 yuan. But in fact, no matter residing in an institution or employing foreign caregivers, it is not a small expense for every family. It is suggested that the public should make use of medical insurance, annuity insurance and long-term care insurance as soon as possible to fill the gap of security, and make plans for health, economic and elderly care beforehand so as to avoid the inability to purchase the necessary security in old age due to poor health and over the insurance limit.
        

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