Analysis Of Canada's Aging Population

Experience working in the field of health care lends insight to the growing needs of the older adult population, and the barriers which impede our capacity to meet them. As the Baby Boomer age is approaching older adulthood, the rise for financial,

twenty first century there is a serious problem, due to a greater number of elderly than

Another way the economy will suffer is through the increase need for health care and elder care. As the baby boomers get older, their need for these types of expenditures will increase as well. Consequently, this increases the national health care spending too. Another problem is that governmental entities will start to lose tax revenues that the baby boomers provided so considerably. There will also be an increase in the federal budget deficit. The government will be spending more while receiving less revenue from the baby boomers. Younger generations can expect tax increases to help cover Social Security and Medicare. Even after all of these problems, there is still the burden that the baby boomers are going to leave for the current generation and the ones to follow. This will then lead to lower average of living standards for the baby boomers, and the major assets of the baby boomers will begin to decrease in value since more people will be trying to sell their assets than people willing to buy them. Retailers will also be affected negatively by this movement. Retailers can expect to lose revenue since the baby boomers will probably not spend as much, and marketers will have a difficult time searching for more sources or creating new ideas to attract the younger generations. Although there have been efforts at correcting the problem with the graying of America, governmental reform is necessary to avoid the storm of

As this baby-boomer generation continues to age there will be profound effects on the way that money is spent on health care and insurance. With approximately 77 million people turning 65 over the next several years, the amount of government spending on Medicare will greatly increase (Gigante, 2012). Thus, the demand for medical care associated with the aging population will so

Over the next 50 years ageing baby boomers will have great impact on the Canadian economy in the area of health care. Baby boomers who were born between 1946 and 1964 increased the demand for elementary schools, high schools, post- secondary education and family housing. By 2062 many baby boomers will turn 100, now that they are aging, the demand for health care, death services, retirement homes and medicine is increasing. From 2015 to 2062, there is a predicted cost of $7.2 trillion that will be spent in health care for senior citizens. For funeral services for the baby boomers in 2015, there is an estimated cost of $2.8 trillion, and old pension cost of $1.3 trillion. The senior

How Can These Challenges Be Addressed. The changing of disability rates, the size of the economy and efforts at privatization may affect how much of an economic burden these programs will impose in the future. As a result, household financial wealth in the world's major economies will be roughly $31 trillion lower in 20 years than it would have been if historical demographic trends had persisted. Raising the retirement age, easing restrictions on immigration, encouraging families to have more children, and achieving faster economic growth will have little impact on this shortfall. To fill it, households and governments will have to increase their savings rates and national economies will have to allocate capital more efficiently, thereby boosting returns (Farrell, 2005).

But it only provides success to a small amount of smart businessman. Looked from the macroeconomics perspective, Canada is not in good shape for future economic development. There are too many old people existing the work force while the supply of young workers is not enough to offset. And the new workers entering the labour force are not well experienced and skilled as the exiting baby boomers. The losing of large amount of experts is not easy to solve. Government is also facing challenges to deal with the rapidly increasing demand for health care and social support services to the old people. Looking at Japan’s experience of demographic greying, they are now making little, almost no economic growth due to the large amount of old people retiring from jobs. Without immediate and correct policy regulation, Canada will be in the same or worse situation. Using immigration alone cannot solve this problem, Canada needs to find out more strategies to deal with this real problem, which is already

There is diversity among all Canadian, hence there is differences among the aging population. Not all seniors are aging well and have the appropriate programs and services to meet their needs. Some seniors are victims of abuse and some are living in isolation and poverty. Some seniors suffer from chronic illness and other socio-economic factors limit the amount of money they can put away for retirement. Hence these middle and low income elderly retirees will have to depend mainly on the pension plan that is offered between the age of 60- 65. The age of 60-65 is regarded in Canada as the age of retirement. This paper will focus mainly on the disadvantaged older populations. The disadvantaged older populations are those who are currently

Aging is inevitable, with age comes certain conditions, and diagnoses that affect healthy aging in Canadians. In Canada, and across the world, there are institutions that help care for people with these diagnoses. Nurses are one of the members of the health care team, and they help to try and reduce risks that can exist in aging Canadians. The purpose of this paper is to explore the risks of malnutrition in aging Canadians living in institutions who have vascular dementia.

The first emerging trend is the aging population in Canada. Compared to 1971, in which the median age of the population was approximately 26 years, in 2011 the median age of the population in Canada was approximately 40 years. To put this into perspective, according to the 2011 data, half the population was older than 40 years while half was younger. Seniors currently make up the fastest growing age group in Canada. They also represent the fastest

The health sector in Canada has experienced a lot of challenges regarding to the seniors who are increasingly coming into being. This has posed a challenge to the Canadian health sector in general, although through proper health strategies the number has posed no challenge to the Canadian government so far. Provisionally, the health sector has taken a different approach in ensuring that the old aged are taken care of appropriately. The analysis of the different provinces strategies is therefore important in ensuring that the sustainability of the old aged population is achieved. According to the national statistics in Canada in 2011, the population of seniors who are aged 65 years and above was 153,705. Nova Cotia had the highest number of seniors totaling 16.5% of the population with Saskatchewan following with a percentage of 14.87%. However, by 2036, it is expected that the Newfoundland and Labrador will have the highest proportion of seniors.

Age: The Population of Canada is Aging. in Canada the median age was 39.9 years which means that half of the population was older than that and half was younger. The Median age in 1971 was 26.2 years. the fastest growing age group is made up of seniors. This is a trend that is expected to continue for the next several decades, mainly because of a below replacement fertility rate (ex. average number of children per woman), an increase in life expectancy, and the baby boom generation aging. in an estimated 5.0 million Canadians were 65 years of age or older in 2011 that is a number expected to double in the next 25 years to reach 10.4 million seniors by 2036. by 2051, about one in four Canadians is expected to be 65 or over. This information

To begin with, all baby boomers and their kids would be reaching their old ages. An aging population, such as that, would put increased pressure on the healthcare system including an increased demand for doctors. It would also put significant pressure on the workforce population, as the dependency load will be 50 seniors for every 100 workers by

From 1970 to the year 2000, the world's over-60 population is projected to increase by more than 90 percent" . This is an astonishing number, seeming how the total population was predicted to grow by less than 75 percent . "The most prominent feature of the looming shift in the composition of the working-age population is, of course, its increasing age" . It is hard to say what will happen when suddenly there will be an abundance of older people who are preparing to retire.

The American population is getting older which presents us with many challenges but also present us with potential opportunities. With the length of life and quantity and fraction of older persons rise in most industrialized and many evolving nations, a crucial question is whether this population will be accompanied by continued or better-quality health, an improving quality of life, and adequate social and cost-effective resources. This answer lies in the ability of peoples and societies, as well as modern social, governmental, financial, and health service delivery systems, to provide optimum assistance to older persons.