Statistics Canada recently released data from its 2011 census which confirms what you might already suspect – we are getting old.
In 1971, 8% of the population was 65 years of age and older. By 2011, that number reached 14.8%. This means that last year, there were approximately 5 million seniors out of a population of 33.5 million Canadians. It is anticipated that in another twenty years, 19% of the population will be 65 and older.
The implications for such growth in the senior population will mean greater strain on healthcare and social programs used by seniors and increased demands on government pensions and families. The federal and British Columbia governments are already preparing for the changing demographics.