Tuesday, May 29, 2012

Boomers getting old. DUH!

http://news.nationalpost.com/2012/05/29/canadas-aging-boomers-are-placing-new-strain-on-business-government/


Back in 1971, eight per cent of us were 65 and older.
Last year, as the first wave of baby boomers reached the milestone, the proportion was 14.8 per cent.
(D - so double very soon. I was born in 1971.)


Consider this: In 1961, when the baby boom hit its peak, 34 per cent of the Canadian population was aged 14 and under. By last year, that share dropped to 16.7 per cent.

Another way of looking at the change? In 1961, the median age in Canada was 26.3. By last year, it had risen to 40.6.

Demographic experts and researchers who have studied aging populations internationally agree that Canada must now confront what lies ahead, although there is a lively debate over whether the aging population will, as some predict, lead to skyrocketing social program costs.


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D - no. We should have confronted this 'elephant in the room' a GENERATION ago. We've watched the nigh-inexorable demographic trends for DECADES.  Short of a superplague, the conclusion was inevitable. 
Only pensions are, in some sense, prepaid for. The rest (i.e. health, other income programs) are not. The Boomers pushed for income tax cuts (and GST/PST and now HST cuts) instead of keeping us out of debt. On top of this, now the GenXYZ cohort needs to pay for the Boomer retirement as the costs are incurred.


Harper won't cut so much as one cent to one program to one retiring Boomer. 
But over in Quebec, how DARE those students suggest their tuitions should NOT be hiked?
The double standard is apalling. 








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