The Aging Of The Baby Boomers

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 end of world-war II marked the beginning of a new era in this country. The baby boom era began in 1946 and ended in 1964. During this era, 76 million babies were born according to pew research center. The number of people reaching adulthood in the next decade was tremendous. As a result, the country had to adjust to meet the demands and fulfill its obligations to the citizens. Though, the boomers were sophisticated and wanted to impose their views on the rest of the society. Eventually, the country started to experience some changes and the boomers’ influence was propagating in the society. Cheryl Russell, the Editor-in-Chief of America Demographics Magazine and the author of “100 Predications for the Baby Boom: The next 50 years.” In his

The search for information on a vast generation known as “baby boomers,” was quick and easy. The History Channel, once again provided attractive information such as text and audio clips. Nine months following the end of World War II, a new type of generation kicked off. Prior to this generation the population increased linearly, but now it was growing at an exponential rate. This large generation was praised for preventing recessions but may possibly cause problems in social welfare in the future.

Baby boomers are adults born in 1946-1964, and the largest demographic in America with around 76 million. They are the children born to parents who served in WWII. After WWII the increase in wages spurred the belief that they could afford many children. When in reality they could at the time, but not for long. Now, many boomers will be lower class because of mortgage debt and health care costs. Boomers are reaching their retirement age soon meaning they will depend heavily on the government

According to statistic Canada their will be a dramatic change in the senior population in Canada, this mean that the entire baby boomer generation will become part of Canada’s senior population which is those aged above 65. Furthermore in 2010 statistics Canada reported that by the year 2036 the seniors population will increase to about 23-25%. This change in the aging population of Canada has a huge impact on the health care services. Many seniors require regular access to health care

After the end of World War 2, birth rates across the nation spiked. More babies were born in 1946 than ever before with a grand number of 3.4 million! This was the beginning of the so-called “baby boom.” In 1947, another 3.8 million babies were born, 3.9 million were born in 1952,and more than 4 million were born every year from 1954. In 1964, the boom finally tapered off. By then, there were 76.4 million “baby boomers” in the United States (Staff). This made up close to forty percent of the nations 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

Baby boomers were raised during the time period where success was attainable due to a strong financial foundation which allowed for financial and personal success that we might never experience again in the United States. This makes you want to go into a deep depressive state because this is what we want and want our children to have. History.com states that Baby Boomers are those who were born from 1946-1964 which made up 40% of the population. This is a scary to imagine because we only have 62.9% of the community in the workforce and that will decline as baby boomers retire. http://data.bls.gov/timeseries/LNS11300000 Earlier this week we read the article, “Aging in the United States – Past, Present, Future” which discussed the pyramid to

While the “Greatest Generation” is a title often given to those Americans who lived and died during the era of the Great Depression and World War II, their offspring, the “Baby Boom” generation, significantly shaped and improved the American landscape as well if for no greater reason than the sheer number of people who make up this population (Steinhorn, 2006). Today, based predominantly on that very same reason, the baby boomer population is now making a very different, yet equally as profound impact on American society. More

The Baby-Boom generation is nearing retirement and it is clear that millions of aging Boomers are financially under prepared. Reasons are many - poor savings habits, rising medical costs, the demise of guaranteed corporate pensions, and the dreaded squeeze faced by many: i.e. having to pay college costs for their children, care for their elderly parents, and save for retirement, all at the same time.

The truth is that the baby boomer population makes up a large portion of the population in the U. S. (Martin, 2014). Baby Boomers who are also referred to as the Graying of America are individuals who were born between 1946 to 1964, which makes up about 29 percent or 76 million in the U. S. population (Martin, 2014). It has been found that most baby boomers or about one-third of Americans do not contribute anything at all to retirement savings nor pension plan (Tang et al., 2013). In terms of longevity, the U. S. Census Bureau projects that individuals ages 85 and older are expected to grow to approximately 20 million by the year 2050 (Martin, 2014). According to the U. S. Bureau of Labor Statistics, employment of persons aged 65 and older has increased by 101% between 1977 and 2007, the number of employed men that are 65 or older has increased by 75% and 147% for women (Tang et al., 2013).

By 2050, the proportion of the seniors will be one in four (25%). Aging population and Canadians retiring earlier today than they did in the past together implies fewer tax dollars for public healthcare funding. Population aging and its contribution to rising health care costs through different direct and indirect channels have kindled the debate about the financial sustainability of Canadas healthcare systems. The common perception is that aging population will have dreadful consequences and Canada will not be able to provide the increasing size of its older population.

The article Canada’s senior population to jump, workforce decline by 2063 by CBC News begins by discussing what the future demographics of Canada’s population will look like. According to the article, Statistics Canada (As cited by CBC News, 2014) believes that Canada will face “a big demographic shift over the next 50 years, with a growing number of seniors and a movement of people to Western Canada” (CBC News, 2014, para. 1). What this quote is basically saying is that not only will there be a higher elderly population in Canada, a large majority of the population will be moving to provinces such as Alberta. CBC News (2014) goes on to discuss the implications of this shift. One of the big issues is that due to this gap between the younger

This demographic trend deflects on the stabilization; decline and fall in the United Sates rates in fertility since the generation of the baby boom are given birth. More importantly this demographic trend speculates on the secular increase in the life expectancy and entry of the large baby boom cohort joining in to the normal projected age of retirement that is between 2010 and 2030. The census bureau expects arise of the share population over 65 after the 21st decade short pause (from 13% presently to 20% by 2050 and 23% in 2100).

The transition is from high-mortality high-fertility to low-mortality low-fertility. Since people’s life expectancy is increasing, this demographic change lead Canada become an aging population country. When elder people leave their working position, it results in a shortage of labour force. Moreover, after retirement, elder people begin to claiming pension, public expenditure will