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
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
Maturing of the population is likely a standout among the most examined and debated subjects in Canada today. While a few experts gauge the most noticeably awful as far as expenses to open administrations and work market deficiencies, others contend that Canada is very much prepared to face this social and demographic change - and that individuals shouldn 't stress that much over the developmental rate of seniors in the population.
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
As you already mentioned, that Canada performs better on two health outcome measures, infant mortality rates, and life expectancy. The Organisation for Economic Co-operation and Development (OECD), indicated that life expectancy is associated with multiple factors outside the health care system, such as modifiable risk factors to health (smoking, alcohol consumption, nutrition habits, and physical activity), but access to high-quality primary care and treatments also plays an important role (OECD, 2017). Life expectancy in Canada is 81.5 years in 2011, which is about three years higher than in the United States (U.S.) according to the OECD statistics reported on Health at a Glance 2015 OECD Indicators (OECD, 2017).
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.
By not being influenced or controlled by any other power comes independence, what creates pride, strength and eventually a nation. Canada’s independence from the British Empire was created on July 1st, 1867 but it wasn't until future pivotal events that proved Canada's independence as a country, These significant events and acts that created Canada's coming of age were the battle of Vimy Ridge during WW1 that was successful single handedly by the Canadians, Operation Overlord, where Canadian troops proved the most successful in taking control across D-day, and Canada being seated in the League Of Nations and later the United Nations, proving itself to not only be equal but well respected by many nations.
Canada’s birth rates are below replacement levels and its population is aging, causing a significant drop in labour force growth over the long term. By 2030, nearly one out of every four Canadians will be 65 years or older. Moreover,
The number one concern of governments is to ensure that they stay in office. In order to do this, they must secure votes. A government who is looking at voter turnout statistics will notice that individuals of older generations are significantly more likely to vote than those of younger generations (The aforementioned 70% vs. >50%). This means that a government most interested in securing votes and support for the next election will look to do so from the largest voter base. In other words, the government will take into consideration the wants and needs of the aging members of the population before the rest of the population. This may cause more government emphasis on securing a better pension plans (CPP, OAS, or GIS), better health care for seniors (as will be discussed later on), and on other issues which are important to this population. For instance, in 2009, OAS (Old Age Security) cost $27.1 billion, and GIS (Guaranteed Income Supplement) cost $7.7 billion. (http://www.parl.gc.ca/content/lop/researchpublications/cei-07-e.htm) This major government emphasis on the needs of the baby boomers costs Canada money that may’ve been used in a more productive way to benefit the entire nation, such as improving our degrading infrastructure (roads, bridges, etc.)
In Canada, most people with conditions usually choose to have only one child and lead to a drop in the natural population growth rate. While older workers are retired, the newly added workforce slows down the entire workforce to an alarming level. The low birth rate and the aging of the population are a worrying concern for Canada. Carrollton University economics professor Frances Woolley warns that
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
Currently, Canada’s population growth rate is low in correlation with its current birth rate, in other words Canada is currently in the fourth stage of its demographic transition model, which means that the total population is slowly increasing as the birth rate is declining much slowly, and later merging with the low death rate in the fourth stage.
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.
High population in Canada is very good especially for the economy but, there tend to be a couple of factors where the population poses a threat to Canada. Firstly there is the aging baby boomers. The baby boomers were born after world war 11 and currently they are at working age and soon to be at retirement age. The Baby boomers have improved our economy by a lot but, since they are becoming older and older they will need more support. This poses a threat to Canada but then there will be a huge drop in our economy be all of the sudden a large portion of Canada’s workers will retire. Then Canada will start to need more elderly homes and more medical care etc. The next big population issue we have in Canada is immigrants. Immigrants come to Canada
Canada's population is about 20.5% immigrants. This means that one out of every 5 Canadians are foreign born. The country most people immigrate into Canada from is The Philippines at about 13% of Canada's immigrant population. It’s followed by China and India at about 10.5% each. The other countries in the top ten are the United States, Pakistan, the United Kingdom, Iran, South Korea, Colombia and Mexico. A lot of the countries that people are migrating from are near Canada, in poverty or going through something people want to flee from, like war and violence. For example, people are dying to get out of Mexico because of all the drug violence. Canada is attractive to people who live in countries with bad economies, people looking
Every individual has the dream of freedom fifty-five, but as research has suggested it’s becoming more and more apparent that most individuals won’t retire at fifty-five many won’t retire at all. Retirement age has had a significant impact on all generations from baby boomers to millennials. In recent years’ older generations are working longer, lifespans are increasing and government pensions are fluctuating. Individuals and organizations are struggling to find a balance between experience and opportunity. Poor economic conditions and longer lifespans have resulted in the termination of mandatory retirement policies and the evolving opportunity for longer working careers. Changes to Canadian Pension Plans and Old Age Security have been implemented as a result. Financial insecurity has created cause for concern for individuals, organizations, and governments. From published articles to government reports this essay will provide an in-depth analysis on retirement age.