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02 August 2014 In Blogs

The Economic Impacts of the Canadian Aging Population

Canada is one of the countries that are projected to have the largest aging population in the next 20 years. The growing older population creates concern in the related areas of employment and labour force, social welfare and housing, health ad income security, which will have greater impact on families, societies and the economy of Canada as a whole. A report sampled by the Congress of the Canadian Labour indicated that 72% of the population is not having enough income and 82% of adults are not getting the required heath care services. This shows that in case the economic policies are not changed, the Growth Domestic product (GDP) of Canada will drop drastically in the next 10 to 20 years to the level of the current developing countries.

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You are here: Home Blog Displaying items by tag: canada