At this point, I think most English speakers can follow this passage, if not understand the finer points. I imagine some more vocabulary like "hine" may reveal itself to you purely through context.
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That is not only a sadness and a loss, but becoming an aged society is a cultural and economic threat. Older people, by and large, are not the innovators or new thinkers. An ageing society risks declining in optimism, creativity and, above all, risk-taking: a top-heavy preponderance of older people makes for a conservative and fearful electorate. We are there already – and it’s getting worse.