This imbalance between retired and working individuals puts a strain on the economy as it becomes more difficult to sustain social security systems, healthcare systems, and other benefits that support the aging population. Additionally, as the workforce shrinks, there may be a decrease in productivity and economic growth. This can lead to higher taxes for working individuals in order to support the growing number of retirees, further impacting the economy. Additionally, as older individuals require more healthcare services, there is an increased strain on healthcare systems and resources. Overall, the aging population in Europe poses significant economic challenges that need to be addressed to ensure long-term economic stability and sustainability.
