Professor Mohammadur Moinul Islam from the Population Sciences Department of Dhaka University says that due to demographic transition, the elderly population of Bangladesh will escalate compared to the young population from 2035-37. By 2047, Bangladesh will become a geriatric society.
With life expectancy augmenting and fertility rates plummeting, the prevalence of the elderly population is increasing. This draws parallels with countries like Japan and China. Anowara (not her real name), who is now 70, says she did not do any proactive saving at the beginning of her life, which is creating predicaments for her today.
On the other hand, Abu Ahmed is undertaking systematic savings for old age. He mentions, "Financial preparation is extremely necessary to deal with degenerative diseases in old age."
Necessity of Preparation
For such changing socioeconomic dynamics, not only the government but individual contribution from everyone is needed.
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Emoji
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Word | Meaning | Example Sentence | Synonyms | Antonyms |
|---|---|---|---|---|---|
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#37
📊
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demographic transition
ˌdɛməˈɡræfɪk trænˈzɪʃən
noun
••••••
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A shift in population patterns from high birth and death rates to low birth and death rates as a country develops economically
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The demographic transition indicates a shift towards an aging society. |
population shift, societal change
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static population
••••••
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#38
📈
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escalate
ˈɛskəleɪt
verb
••••••
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To increase rapidly; to become more intense or serious
••••••
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The aging population is escalating at an alarming rate. |
intensify, amplify
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decrease, diminish
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#39
👴
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geriatric society
ˌdʒɛriˈætrɪk səˈsaɪəti
noun
••••••
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A society or community where elderly people make up a large proportion of the population
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A geriatric society demands specialized healthcare systems. |
elderly community, aging society
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youth-centric society
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#40
⬆️
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augmenting
ɔːɡˈmɛntɪŋ
verb
••••••
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Increasing; making something greater in size, number, or degree
••••••
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Life expectancy is augmenting with advancements in healthcare. |
enhancing, expanding
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reducing, curtailing
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#41
📉
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plummeting
ˈplʌmɪtɪŋ
verb
••••••
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Falling or dropping suddenly and steeply; decreasing rapidly
••••••
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The fertility rate in Bangladesh is plummeting. |
declining, dropping
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increasing, surging
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#42
📊
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prevalence
ˈprɛvələns
noun
••••••
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The fact or condition of being widespread; the extent to which something exists or occurs
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The prevalence of aging issues requires immediate attention. |
dominance, ubiquity
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rarity, infrequency
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#43
↔️
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parallels
ˈpærəˌlɛlz
noun
••••••
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Similarities or comparisons between two different things or situations
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There are parallels between Japan's aging issues and Bangladesh's situation. |
similarities, analogies
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differences, contrasts
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#44
💰
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proactive saving
proʊˈæktɪv ˈseɪvɪŋ
noun
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Actively planning and setting aside money in advance to prepare for future financial needs
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Proactive saving ensures financial stability in old age. |
forward planning, preemptive saving
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negligent spending
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#45
🦴
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degenerative diseases
dɪˈdʒɛnəˌreɪtɪv dɪˈzizɪz
noun
••••••
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Medical conditions that involve the deterioration or progressive decline of tissues, organs, or functions
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Degenerative diseases are common in an aging population. |
chronic conditions, progressive illnesses
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regenerative conditions
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#46
📊
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systematic savings
ˌsɪstəˈmætɪk ˈseɪvɪŋz
noun
••••••
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A structured and organized approach to regularly saving money according to a planned schedule
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Systematic savings can mitigate financial crises in old age. |
structured savings, organized planning
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sporadic spending
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