As Canadians age, children learn and prepare, working adults contribute to the economy, and older adults engage in community and may require caregiving. The aging population challenges economic sustainability, demanding strategic solutions like tax adjustments or increased immigration.
In the context of Canada's aging population, the roles and economic impact of older adults become significant. With an increasing number of seniors, there is a surge in caregiving responsibilities for their children.
The economic implications include rising healthcare costs, and the demographic shift poses challenges for sustaining government-funded programs.
A potential solution may involve strategic adjustments such as reconsidering tax policies, immigration strategies, or reallocating resources, as governments face the challenge of providing for a growing elderly population with a diminishing workforce and tax base.