Aging populations have significant social and economic impacts. **Economically**, an older population can strain **pension systems** and **healthcare services**, increasing government spending and potentially reducing economic growth. **Labor markets** may face shortages as the workforce shrinks, requiring adjustments in retirement age and workforce participation. **Socially**, aging can lead to increased **caregiving responsibilities** for families and shift social dynamics as communities adapt to a higher proportion of elderly individuals. Additionally, the aging population may influence **consumer markets**, with increased demand for products and services catering to older adults. Addressing these impacts involves policy adjustments, healthcare innovations, and societal adaptations to support both the elderly and the broader economy.