The Poverty Of The Elderly - 2078 Words

2. The Result of the Research 1) Background Poverty of the elderly is a sensitive political issue in South Korea and it seems to be agreed that welfare policy should address this problem urgently. The average elderly poverty rate among OECD countries is 13.5% while Korea’s rate is 45.1%, 3.4 times higher. Korea’s suicide rate of the elderly is nearly four times the average for OECD countries, with poverty widely understood to be an underlying factors. An effective response to poverty among the elderly requires an accurate determination of which segments of the population are better and worse off. The higher poverty rate among the elderly does not necessarily imply that the same policies should be applied to all of Korea’s elderly. Indeed,†¦show more content†¦This has resulted in severe distortions in support priorities since the actual economic resources of the elderly vary depending on the presence or absence of adult children within household. This suggest a need to account for the economic resources of adult children who are members of the household as a way of gauging the level of actual economic resources while still avoiding the potential pitfalls of the support obligor standards.A more effective policy approach for addressing poverty among the elderly prioritising those with the most urgent need based on accurate assessments of the economic resource of the entire household needs to be taken. 2) Poverty Level among the elderly in Korea Because the Korean pension system is still relatively young and underdeveloped, its elderly poverty rate is higher than in other OECD nations. In most OECD nations, poverty among the elderly dropped sharply as pension systems matured. The rate in Korea is currently much higher than the rates for other population groups. Korea’s elderly poverty rate stands at 45.1% compared to a 13.5%, average for the 30 countries of the OECD. For those countries, poverty among the elderly dropped sharply from the 1980s onward, with the rate for those aged 66-75 falling below that of children and young adults. Social issues such as the high suicide rate among the elderly have led to a widespread perception of the need for a community-level response to poverty among the elderly.Show MoreRelatedPoverty For The Elderly Population Essay1756 Words   |  8 PagesPoverty for the elderly is a persistent problem in the United States. During the Great Depression of the 1930’s poverty among the e lderly grew in the nation but declined over the years as relief efforts by the government to lift families out of poverty and to secure the future of the elderly population were established. Before the Great Depression, state welfare pensions did not exist and security for retirement was nearly non-existent. The Social Security Act, signed in 1935 managed to establishRead MoreThe Effects of Poverty on Children and the Elderly2955 Words   |  12 PagesThe Effects of Poverty on Children Liberty University Human Services 500-C06 Dr. Sheila Speight Kathy V. Jones April 6, 2012 Abstract Why should it matter that our country has not been able to ensure that every child has a safe and nurturing childhood? The percentage of children living in poverty in the United States has risen significantly in the last few years. The negative long term effects of poverty can extend fromRead MoreThe Rate Of Poverty Among Elderly Receiving State Pension Essay1572 Words   |  7 PagesIn 2015 The Jersey Household Income Distribution Survey reported that there are approximately 4900 pensioners living in poverty -described as relative low income (after the housing cost) -who exclusively rely on the Jersey State`s pension and have no other source of income except Income Support contributions. It meant that one in every three pensioners struggled to meet basic needs such as housing, food, heating or paying other necessary bills. This figure equated to 28% of all OAPs in Jersey, andRead MoreSocial Inequality in Elderly Americans1115 Words   |  5 PagesSocial Inequality in Elderly Ameri cans Elderly people (women and men age sixty-five or older) (Macionis, 2005), Have many obstacles to face as they grow older, many of these obstacles involve social inequality. Not only do the elderly have to learn to deal with many forms of Ageism (the stereotyping and prejudice against individuals or groups because of their age), some also have to deal with the fact that they do not have enough savings or pension benefits to be self supporting, for most peopleRead MoreThe Biology Of Aging And Aging942 Words   |  4 Pagestreated and how the elderly are treated. I am very passionate about section 6.6, Problems of the Elderly, because I think we need to focus on giving support to the elderly. I think it is especially important as the dependency ratio is increasing and as the amount of elderly increase the amount of services they need will also increase. The eldderly face many challenges as their body gets tired and old. These issues are problems with work, retirement, retirememnt income, poverty, health issues, livingRead MoreExtreme Poverty in Japan1501 Words   |  7 Pagesseemed to be the only money they possessed. The victims were an elderly couple in there 60s and their son, thought to be in his 30s. The cause of death of the family is unknown, however officials believe they either died of starvation of committed suicide. According to the health ministry 700 people have died of starvation since 2000. Japan enjoys one of the highest standards of living in the world. How can a family die unnoticed of poverty in a country with the third largest economy of the world?Read MoreEssay about Social Security999 Words   |  4 Pageskeeps many elderly and disabled Americans from being stricken by poverty. Without Social Security in our society 15.3 million elderly would have incomes below the poverty line, however after Social Security was added to the equation only 3.8 million elderly have incomes below poverty. Three-fourths of those elderly people who would have been poor without Social Security were removed from below the poverty line by Social Security. Nearly 90 percent of Americas elderly are lifted from poverty by SocialRead MoreEvaluating Truth and Validity Exercise Essay1012 Words   |  5 Pagesweakened, the elderly will have to fear poverty. Therefore, if the Social Security system is not further weakened, the elderly will not have to fear poverty.† After checking the a rgument for any hidden premises and making sure that it was stated fully and in a clear way and finding that it passed, I will move on to the next step, checking for errors affecting truth. Since all elderly are not dependent on Social Security, the statement that all (all is inferred) elderly will fear poverty if the SocialRead MorePoverty vs. the Economy Essay1510 Words   |  7 PagesPoverty vs. The Economy Poverty is a lack of goods and services necessary to maintain a minimal adequate standard of living. The definition of the term adequate varies, however, with the general standard of living in a society and with public attitudes toward deprivation. No university accepted definition of basic needs exists because poverty is a relative concept. In poorer countries it means living at the brink of subsistence, while in our country few improvised families confrontRead MoreThe Increase Life Expectancy Has Created A Larger Population Of The Elderly972 Words   |  4 Pageslife expectancy has created a larger population of the elderly, which is a significant demographic change that the U.S. has begun to experience. It is projected that the increase in the life expectancy will continue to impact the amplified growth of the elderly population in the future. The increased elderly population, has created a need for the U.S. to implement policies that support and meet the developing number of diverse needs the elderly population will require in order to age well. The life