Canada’s senior population is set to outpace its number of children by 2030 due to the country’s increasing average age combined with its low fertility rate, says a federal government report.
In the 2020 “Actuarial Report On The Old Age Security Program” Canada’s chief actuary, Assia Billig, projected that the country’s population made up of citizens aged 0-19 will gradually decrease over the next eight years until it finally dips below the number of Canadians aged 65 and older in 2030, as first reported by Blacklock’s Reporter.
Furthermore, the ratio of Canadian adults to seniors—that is, the ratio of those aged 20‑64 to 65 and over—is expected to drop from 3.1 in 2022 to just 2.0 by 2060….