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As Canadians get older, economy gets weaker

posted May 31, 2011, 10:36 PM by Milorad Borota   [ updated May 31, 2011, 10:37 PM ]
STEPHEN GORDON
Globe and Mail Blog
Posted on Monday, May 30, 2011 6:46AM EDT


Warnings about population aging have been playing in the background of policy debates for two generations now, ever since the decline in the birth rate in the late 1960’s made it inevitable.

But the issue has now moved from being a problem of the future to being one of the present. The share of the working-age population as a share of the total reached its peak in 2008, and even the most optimistic Statistics Canada projection shows a sharp decrease that will continue for at least the next 20 years.


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