Canada’s aging population is causing a big problem for the economy right now and further into the future. In Canada there are more people over the age of 64 then under the age of 15, casing the younger population to pay for the pensions of the elderly. By the time current 14 year olds turn 22 they will be paying into the economy like every other working person in Canada. But, by the time that happens every two people working will be paying for one retired elderly pension. The current aging population is due to the last baby boom in canada after WWII. There are many ways Canada can make its population young again. They could make it mandatory for each couple to have at least two-three
Canada’s aging population is causing a big problem for the economy right now and further into the future. In Canada there are more people over the age of 64 then under the age of 15, casing the younger population to pay for the pensions of the elderly. By the time current 14 year olds turn 22 they will be paying into the economy like every other working person in Canada. But, by the time that happens every two people working will be paying for one retired elderly pension. The current aging population is due to the last baby boom in canada after WWII. There are many ways Canada can make its population young again. They could make it mandatory for each couple to have at least two-three