Reference no: EM132611855

This is the statistics by WHO: 

• Between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%.
• By 2020, the number of people aged 60 years and older will outnumber children younger than 5 years.
• In 2050, 80% of older people will be living in low- and middle-income countries.
• The pace of population aging is much faster than in the past.
• All countries face major challenges to ensure that their health and social systems are ready to make the most of this demographic shift.

People worldwide are living longer. Today, for the first time in history, most people can expect to live into their sixties and beyond. By 2050, the world's population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. Today, 125 million people are aged 80 years or older. By 2050, there will be almost this many (120 million) living in China alone, and 434 million people in this age group worldwide. By 2050, 80% of all older people will live in low- and middle-income countries.

Based on your understanding of IR 4.0 and Society 5.0. Give an explanation about the impact of this on the older generation. How can the government assist this generation? What is YOUR SUGGESTION to overcome this situation?