Baby Boomers: The Ageing Population
slip World state of war II, during the time utmost of 1946 to 1964, the birth rate in the spousal relationship American society increased dramatically. This generation was called the baby boomers. In the time of the baby boomers about 79.6 million babies were born still in Canada and the United States of America alone. (Haaga, Population Reference Bureau) Post World War II, the economic system was a lot more stable and returning soldiers began to start families. The reason for the large working out in the birth rate was because of the new stable saving, and the jobs the returning men received. It was a time for prosperity and couples were able to flip a family again. Having such(prenominal) an enormous generation can intrusion Canadas economy severely. A huge generation has a negative clash on an economy because of the things the presidency has to do to support the growing generation. For example, creating numerous come of jobs and homes which are vent to be occupied just for a certain period of time because the upcoming generation is not as massive as the baby boomers. The ageing population is going to impact Canadas economy because of the increase in valuatees, the numerous amount of money invested in the retiring baby boomers, and it would break our economy due to Americas suffering economy.
First off, the economy would suffer massively due to the increase in the tax rates. When the baby boomers begin to retire the taxes would rise so the government can support their needs. Since the baby boomers would retire at such a late age, majority of them would not be so healthy. Numerous boomers would suffer many illnesses as they are less(prenominal) immune to diesases such as obesity, diabetes, high cholesterol, etc. every last(predicate) of these illnesses would require regular doctor appointments and medication which would be use from the government. Aiding such a large amount of population would be a lot of money and that would lead to increasing taxes (Kallen, 46). Also...If you lack to get a full essay, order it on our website: Ordercustompaper.com
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