Aging Canada – The gap between the number of children and the number of seniors is growing

The gap between the number of children and the number of seniors is growing
The most recent population estimates point to the continued rapid aging of the Canadian population. This trend is especially driven by fertility rates below the replacement level, which has been the situation in recent decades, and an increased life expectancy. The aging of the baby boom generation (1946 to 1965), born after the Second World War who make up a significant share of the population (25.6%), further accelerates the actual aging of the population.

As a result, the difference between the number of children and the number of seniors continues to widen. The number of seniors surpassed the number of children aged 0 to 14 in 2016. As of July 1, 2018, there were 106 adults aged 65 and older for every 100 children aged 0 to 14 years in Canada. By comparison, there were twice as many children aged 0 to 14 than people 65 years and older in 1986.

Chart
Population aged 0 to 14 years and 65 years and older, 1998 to 2018 (estimates) and 2019 to 2038 (projections), Canada

Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Canada’s population estimates: Age and sex, July 1, 2018