Number of workers to seniors expected to fall to 3-1 by 2027

Number of workers to seniors expected to fall to 3-1 by 2027

Shrinking worker ratio

A new study by B.C.’s Fraser Institute forecasts the ratio of workers to seniors in Canada will drop to just three to one by 2027.

The think-tank says the shrinking ratio of workers to seniors is sure to strain government finances in coming years.As Canada’s population ages, the number of working-aged Canadians relative to the number of seniors has declined from 5.4 in 2000 to 3.4 in 2022."(That) means government spending related to demographics is increasing at the same time that the growth in tax revenues is declining," the report states."Workers pay the bulk of taxes, which […]

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.