A Report on Canada's Aging Population

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1 INTRODUCTION The Canadian population is graying at a steady pace, adding thousands of seniors above the age of 65 in the population charts year after year. This segment of the population needs special attention due to its social, emotional, health, and dwelling needs. Continued growth in the size of aging population is putting pressure on the economy, health care system, and living space for seniors. Planners and policy makers need to pay immediate attention to the issue as it is going to affect all Canadians in the years to come. An aging population is indeed a problem for the society and will possibly cause many social and economic difficulties in the future. According to David Foot (2003), professor of Economics at University of Toronto, an effective birth rate of 2.2% against current 1.75% will be necessary to replace the current work force in the near future and the government’s policy of bringing in more immigrants will eventually fail (Foot, 2003, 2). However some people predict that the increased size of an aging population will drive growth in the home, health care, and many other industries resulting in job creation and economic growth (Marketwire, 2013, 1). Majority of the people are of the opinion that the issue will be mainly in the health care and economic activity. As humans age, they start to develop health problems, leading to more visits to a medical clinic putting extra burden on health care system. To deal with the issue of an aging population, an awareness campaign about the health issues that commonly affect aged people should be run by the government and non-governmental agencies. In addition, awareness should be created among the young to accommodate the elderly; at home as well as at work places... ... middle of paper ... ...derly at work places and at home will improve their mental and social wellbeing. The aging population will affect every single citizen in Canada. Not one citizen wants a raise in taxes; however, if there is not any strategy setup to combat the aging population issues, Canadians will see raises in taxes causing frustration. Implementing these strategies will not only keep the elderly happy, but it will keep them healthy. The healthier an individual is, the less medical expenses, so why not get started on investing on this project which can save citizens several tax dollars. The results obtained in the primary research reinforce the support of the strategies presented. Majority of the participants understand the possible economic and health care issues the aging population will bring, thus getting started on this matter sooner will be beneficial for Canada’s future.

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