ABSTRACT
Indeed, realising the full potential of older citizens will be central to the government’s response to changing economic circumstances and the drive to build a strong, fair economy for the twenty-first century. However, the challenges posed by an ageing society come at a cost in terms of pensions, the higher cost of health and social care, and infrastructural change. Such changes affect the wider economy, public expenditure and taxes, which impacts on individuals, especially in younger generations. These effects manifest in obvious ways, such as having to work until you are older, increases in pension age, higher taxes, more doctor visits, and so on.
