by Benjamin Tal.
You see it on city streets, in restaurants of quiet towns, and in rural enclaves: Canadians are getting older. Medical advances have resulted in longer life spans, but the aging population is putting a strain on social services and increasingly, the burden of caregiving is falling on family members.
Statistics show that in the coming years the weight of caregiving for seniors will only intensify. A decade ago, the share of Canadians 65 and and older hovered around 14 per cent, before rising to 17 per cent, where it currently sits. You don’t need to be an economist to know that there will be a ballooning in the number of older Canadians. As well, the pace of change will accelerate over the coming decade to reach roughly 22 per cent of the population by 2027.
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