Tuesday, August 9, 2022
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Kevin Carmichael: A quarter of Canadians will be seniors by 2030

Current immigration rates won’t stop Canada from joining the club of “super-aged societies,” as the Royal Bank analysis predicts about a quarter of the population will be seniors in 2030, compared with about 17 per cent currently. Unless those men and women decide to work into their 70s, the economy will fundamentally change. Consumption patterns will shift and demand for government services will increase. The Royal Bank study predicts there will be 1.7 Canadians of working age in 2030 compared with 2.3 in 2010.

https://business.financialpost.com/news/economy/forecasting-canadas-economic-future-is-now-about-risk-management-not-one-way-bets

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