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Demographic tsunami? Let’s dance! [aging population]
Sunday, May 30th, 2010
May 30 2010
… most retirees and pensioners continue to pay tax. By the year 2031, it’s projected that there will be about 19 million Canadians age 45 and older, or 49 per cent of a total projected population of 39 million… Unless we all receive tax refunds, the model suggests that we’ll be paying for the lion’s share of government expenditures in 2031 — but we’ll still be barely half of the population. Not only will we be paying for ourselves, covering all our own costs, but we might well be helping cover health-care costs for the next population waves as well. Such is the power of the Zoomer “tsunami.”
Tags: economy, Health, participation, standard of living
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