Various special benefits like special schemes, income tax concessions, higher interest income are provided for the benefit of senior citizens. What is the history of World Senior Citizen Day?
In 1988, then US President Ronald Reagan announced World Senior Citizens Day. In this regard, the proclamation issued by President Ronald Reagan mentioned the contribution and achievements of senior citizens in American families.
The UN predicts that the number of senior citizens worldwide will reach 1.5 billion by 2050. Therefore, it is emphasized that there is a need for a system to solve the problems faced by senior citizens.