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Age stratification could also be defined as a system of inequalities linked to age. In Western societies, for example, both the old and the young are perceived and treated as relatively incompetent and excluded from much social life. Age stratification based on an ascribed status is a major source inequality, and thus may lead to ageism. [2]
Older people have different requirements from society and government, and frequently have differing values as well, such as for property and pension rights. [1] Older people are also more likely to vote, and in many countries the young are forbidden from voting. Thus, the aged have comparatively more, or at least different, political influence. [2]
Old age is the range of ages for people nearing and surpassing life expectancy. People who are of old age are also referred to as: old people, elderly, elders, senior citizens, seniors or older adults. [1] Old age is not a definite biological stage: the chronological age denoted as "old age" varies culturally and historically. [2]
A 2019 survey found that globally, we think old age begins at 66. When asked to describe it, we usually use the term wise (35%), followed by frail (32%), lonely (30%), and respected (25%). People ...
Gerontology (/ ˌ dʒ ɛr ən ˈ t ɒ l ə dʒ i / JERR-ən-TOL-ə-jee) is the study of the social, cultural, psychological, cognitive, and biological aspects of aging.The word was coined by Ilya Ilyich Mechnikov in 1903, from the Greek γέρων (gérōn), meaning "old man", and -λογία (), meaning "study of".
Source: Social Security Administration. Social Security uses inflation data from July, August, and September of the previous year to determine the upcoming year's COLA.
Old-age dependency ratio as of 2017 [9] This chart depicts the old age dependency ratio in the US [10] A high dependency ratio can cause serious problems for a country if a large proportion of a government's expenditure is on health, social security & education, which are most used by the youngest and the oldest in a population.
In 2021, nearly a quarter of entrepreneurs were 55-64 years old, up from 15% in 1996, according to a report by the Kauffman Foundation. Interestingly, the cohort of younger entrepreneurs shrunk.