According to the report by Hayutin, Dietz, and Mitchell, the marked shift towards the elder population has vast social, economical and political implications for all the age groups of the particular community (Hayutin, et al 2010). If we fail to adapt our policies to the changing reality of an older population, then there will be great impact on the economy, from every aspect. Similarly due to the increasing number of aging population, there will be very few workers get retired, in a same way as the social and financial costs of aging population are increasing. ...