Aging Population In Canada

976 Words4 Pages
A rapidly aging population and declining birth rate present a problem to policymakers as far as dynamic demand drivers in the economy, increase in health care costs, reduction in the working age population and unsustainable pension commitments are concerned (Beaujot, & Ravanera, 2013). This is the major socio-economic problem that is being witnessed in the province of Quebec, Canada. The standards of living of the people in the province have been greatly affected as the issue intensifies. Aging population has significantly affected economic development in the province as the government tends to focus more resources on tackling the issue instead of concentrating on more progressive projects. This paper provides an opinion based analysis on the problem of aging population and declining birth rate in the province of Quebec in Canada. Low population in Quebec has been something that the province has been facing. This is because of the continuous drop in the number of births coupled with the rapidly aging population. According to the provincial statistics bureau, 1.6 children per woman was witnessed in 2015 which is a drop by one percent compared to the 2014 statistics. The birth rate of the province has been going down from the year 2009. The fertility rate of the province was 1.60 in the year 2016 (Beaujot, & Ravanera, 2013). This problem of low birth rate puts the future generation at risk and it has already affected the economy of the province. The rapidly aging population
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