How to get ready for a care crunch as Canada ages
Who will care for Canada’s elderly? Compared to past generations, there are fewer children to care for aging parents. Long-term care facilities can help, but we will need more of them to keep up with the growing numbers of elderly Canadians. They are also expensive; when clients cannot afford to pay, government will have to step in to cover the cost. Another concern is that Canada may not be graduating enough medical specialists to keep up with the forecasted demographic shift. The number of nurses, family doctors and geriatricians may not be rising in a sufficient manner to care for our aging population.
This is a pressing question today because the Baby Boomers (born 1946 to 1965) have started to retire. In less than 20 years, all will be retired. Within that timeframe, seniors aged 65 and older will outnumber children under 15.1
With retirees soon outnumbering children, we can no longer dodge the question of who will care for our seniors in their old age.
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