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Canada's Aging Population Analysis

Decent Essays
This graph is showing the percentage of Canada’s population that’s over 65 years of age- the unit(s) is percent, and 10 year intervals are used; from 1971-2011 are ‘real’/historical years, and also the projected/predicted aging pop. growth from 2012-2061 (but general= from 1971-2061). The largest number of Canadians over 65 is in the year 2061 as projected, but historically it was in the year 2011. The smallest/lowest number of Canadians over 65 years of age was in the year-historically-1971, and as projected, in the year 2021. There are no obvious outliers- but, if there were, it would probably be the number of Canadians over 65 in the year 2021 because that’s when the population increased the most drastically (historically and projected).…show more content…
Canada’s aging population is increasing due to 3 main reasons- one being that the baby boomer generation is “ending” or “retiring”- they’re aging; and with decreased fertility rates and longer life expectancies, there ends up being a larger population over 65 years of age. This impacts us economically and socially because in order to support the growing number of seniors- we have to improve the quality and frequency of financial planning for retirement, make retirement a choice (not mandatory), assist the seniors in the labour force and being versatile with work conditions (telecommuting) and encourage youth (and even foreign workers)into the
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