Is Canada Headed For Demographic Failure Analysis

Many people in the "baby boomer" generation are staying active as they age. By either jogging, swimming or becoming part of a sports team. They strive to remain youthful and mentally young and view retirement as an active period of their life. Theirinterest in health , fitness, looking young and attractive and longevity is quite phenomenal. They can expect to live longer due to medical advances however stress and burnout could impact on this expectation of longevity. They are well educated, thirsty for information interested in travel and will want to stay involved in the political processes. In addition they are optimistic, forward thinking and undoubtedly redefine old age. As the oldest of the nation's 75 million baby boomers approach the age of 60, a Pew Research Center survey finds many are looking ahead to their own retirement while balancing a full plate of family responsibilities either raising children or providing financial and other

The biggest factors for them still being able to work and be in good shape is due to major health advancement over the years. Due to modern medicine and free health care by the Canadian government, the baby boomers do not feel ready enough to sit at home. However due to health care being most demanded by the baby boomer, the Canadian economy will greatly suffer. From 2015 to 2062 there is an estimation of 7.2 trillion dollars that the Canadian economy will being spending on senior health care

Demographic characteristics play a major role, affecting communities in Canada. Three main demographic characteristics that affect a country are population growth rate, population density, and the dependency load of a country. These characteristics can have a beneficial impact, as well as a negative impact, on communities in Canada.

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

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,

“ No other demographic event in U.S. history-save perhaps for the staggering death toll of the Civil War-has had greater significance than the Baby Boom”(Monhollon, xiii). The late 40’s and all through the 50’s was marked the baby boom era. During this time, soldiers were returning home from the war and were extremely excited to see their families. The Great Depression had delayed the increase of births in the 1930’s, but when World War II was over families wanted to take advantage of the fact that they had finally been reunited. Women started having more children and Canada’s birth rate skyrocketed.

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 Movement While beginning this new millennium, Canadians are going through a time of dramatic social, economic and political change. The increasingly integrated global and economic markets along with the developments in technology have facilitated globalization and have made a huge impact on the lifestyles of Canadians (Canadian Institute of Actuaries, 2001)). With Canada’s aging population on the rise (Exhibit 1), it is obvious that different age cohorts will generate different trends.

What is a brain drain? It is the emigration of highly educated and skilled Canadians to the United States. Does Canada suffer from a Brain Drain? This is a question that economists have been trying to answer for a decade now and have conducted different studies resulting to different conclusions about this issue. There are some economists that believe that yes Canada is suffering from a brain drain if not now it will be soon, amongst those economists are Don DeVortez and Samuel Laryea who prepared a study of C.D howe Institute. They claimed that Brain Drain is real and is costing Canada Tax Payers millions of dollars. Then on the other side of the debate we have economists like John Helliwell, who

Canadians need immigration just as much as immigrants need a destination such as Canada. Growth in immigration can be attributed to the strengthening Canadian economy. As new jobs are being added to the market, Canada is looking for skilled workers to immigrate to the country. Immigration, as it turns out, is most likely the key to Canada’s prosperity. Immigrants make the country diverse and

Canada is experiencing a rapid growth in aging population and it is not going to slow down anytime soon. In 1851 there were about 65, 000 seniors in Canada and the number in 2014 is 5.57 million.[1] In 2036 the elders will be over ten million and by 2051 one in every four Canadians will be a senior [2].

The market size we are dealing with is currently large, and only growing. According to J. Davis: “The elderly population is the fastest growing niche market in the world- and its only getting bigger! By year 2030, the US elderly population will have doubled, reaching in excess of 70 million!”

Explaining the demographic transition model is when model changes during time. The demographic model educates how crude birth and crude death rates changes over time. Yet, the demographic transition model has its difficulties; the model doesn’t show procedures as to how lengthy it takes a country to get from stage 1to stage

Demography is the study of the components of population variation and change. Death rate and birth rate are two determinants of population change. Theory of Demographic Transition is comparatively recent theory that has been accepted by several scholars throughout the world. This theory embraces the observation that all countries in the world go through different stages in the growth of population. A nation's economy and level of development is directly related to that nation's birth and death rates. Population history can be divided into different stages. Some of the scholars have divided it into three and some scholars have divided it into five stages. These stages or classifications demonstrate a