Analysis Of Canada's Aging Population
Canada is experiencing a rapid growth in aging population and it is not going to slow down anytime soon. In 1851 there were about 65, 000 seniors in Canada and the number in 2014 is 5.57 million.[1] In 2036 the elders will be over ten million and by 2051 one in every four Canadians will be a senior [2].
Many believe that the aging population is a big crisis. Aging population does put pressure on the government limiting financial resources particularly in the healthcare system. Half of the healthcare system is used by seniors and it is expected to grow. (In–text citation) Another economic impact is the rise in taxes. If the retirement age doesn't change the people are exceeding the life expectancy and there is going to be a lot of people
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