For the people (and we shouldn't be thinking "them", but "us" - we all hope to be older one day!)
this means a better quality of life when old, and also potential longer life and longer health: with more social stimuli, the brains will be longer healthier
For the society:
lower costs of care (since the elder will be longer independent) and the possibility of benefiting from their experience!
I think that would be republic because there is people who has power/right/freedom to say/speak and tell their opinions
Hope that Helped :)
It is not being as well off as an average American ; lower class