Monday, September 10, 2012

Rising Korean Elderly Population Sparks Concerns

It has been revealed that due to Korea's aging population there will be one elderly person for every two adults in Seoul within 27 years, potentially making travel in the subway system unbearable.

Analysis of the 2011 census by Statistics Korea and survey data by the Seoul Metropolitan Government shows that by 2039 there will be an estimated 2.95 million elderly people queue jumping, pushing you in the back and generally giving Seoul's 5.98 million people of working age attitude as these unfortunate workers try to reach their offices in the morning and on their way home at night, if peer pressure and their managers allow them to leave at a civilized hour.

The trend is sparking fears that many older people will be unable to support themselves, because they will not have people of working age around them to lean against and fall into - only other old people - when badly hungover subway drivers get heavy-footed with their brakes and accelerators as usual.

Following increasingly difficult subway journeys, productivity is likely to drop among Seoul's working population leading to lower corporate profits. This is likely to bring forward the date when the 47.2 percent of people who were saving up for their retirement through Korea's unique insurance policy system of finite payment terms with unlimited promised payouts, discover they were all a pyramid-scheme type scam that could never pay out as promised.

Corporate and income tax revenues will also fall, resulting in the 36 percent of the population with public pensions discovering that the government will not be able to afford to pay out on them while funding the defense of the country at the same time, and the 45 percent of people who are relying on bank savings will have to face the reality that only 45 percent of Korean banks are likely to be still solvent by 2039 at the current rate of savings bank failures.

Meanwhile as several generations of people who are accustomed to seeking emergency healthcare every time they sneeze crowd the hospitals, younger working people with genuine illnesses will likely suffer from higher mortality rates, according to the research, and as worries about access to healthcare increase, fewer of them will choose to have children.

Mental health problems among the working population are also expected to rise as increasingly traumatic subway journeys take their toll, coupled with the realization that they are living in a society dominated by 70-year-old K-pop fans, the commercial pressure of which will prevent breakthroughs in the area of taste and culture.

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Rising Elderly Population Sparks Concerns
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