FAMILY AND DEMOGRAPHIC CHANGE: To what extent does the overall aging of a country affect the economy? Reformat the first page! Introduction: Reasons for choosing this topic: I chose this topic because I believe that the current generation is based on the fundamental principles of economics. One of the biggest problems we face today is due to the global recession that occurred in 2009. There were many factors that contributed to the recession; one of the minor problems was due to the progressive increase in the aging of the population. Eager to gather information on this provocative topic, I began my research. Definitions according to the Oxford dictionary: Life expectancy: the average length of time a person can expect to live. Economy: The state of a country or region in terms of the production and consumption of goods and services and the supply of money. Country: a nation with its own government, which occupies a certain territory. Explanation: The world population is estimated to reach 9.2 billion people in 2050. A country's economy is affected in multiple ways; one of the factors that influence the progression of an economy is life expectancy. Over the past decade, family sizes are decreasing due to many reasons such as low fertility rates, economic reasons, high education, etc., causing an increase in the elderly population. Over the years, life expectancy continues to increase at a phenomenal rate as technologies advance to protect myriads of lives. The increasing aging of the population puts constant pressure on economies to provide for the sick and unemployed. In turn, this hinders the progress of the economy. But conversely, the increase in older citizens in an economy has also brought benefits to...... half of the paper ......revised May 17, 2014, from http://www.global- aging.eu /agafrica.htmlMarkaz. (2014, May 6). Retrieved from http://www.markaz.com/DesktopModules/CRD/Attachments/DemographicsResearch-MarkazResearch-June%202012.pdfOxford Dictionary. (n.d.). Retrieved April 6, 2014 United Nations. (2014, April 30). Retrieved April 30, 2014, from http://www.un.org/News/Press/docs/2007/pop952.doc.htmWikipedia. (2014, May 17). Retrieved May 17, 2014, from http://en.wikipedia.org/wiki/Aging_of_JapanRand Corporation. (2014, April 19). Retrieved April 19, 2014, from http://www.rand.org/pubs/research_briefs/RB9126/index1.htmlSystematically work on perspectives, then move on to courses of action and scenarios. What was your position on the topic of the question at the beginning and how did it change in the end? Multiple sources are needed as evidence for research. Good progress so far!