Canada, a country about 38 million inhabitants, is on the verge of a “wave” of pensions, against the background of labor shortages and the historically low unemployment rate.
“Canada is facing a record retirement rate as its workforce ages: the number of people aged 65 and over has grown six times faster than that of children aged 0-14,” the country said in a statement. its announcement. “Never before has the number of people of retirement age been so high,” he added.
In the total active population, the citizens aged 55-64 constitute 21.8%, that is more than 1 in 5 is approaching retirement and this is one reason for the labor shortage observed across the country.
In recent months, the unemployment rate has been falling steadily and in March fell to a record low of 5.3%.
Canadians over the age of 65 reach 7 million (19% today, up from 16.9% in 2016) and remain “in good health and active for a long time.” By 2046, the number of residents over the age of 85 is projected to triple.
Demographic aging is explained by decrease in births after 2016 but also the greatest life expectancy.
“Fertility reached a historically low level in 2020, at 1.4 children per woman. “If this decline continues in the coming years, the demographic aging may be more acute than predicted today,” said Laurent Martel, an executive at the Statistical Service, speaking to reporters.
Immigration “renews the population of Canada” but is not enough to reverse this trend, the agency estimates.
It should be noted, however, that the Canadian population is “still” one of the “youngest” of the G7 countries, behind the US and Britain.
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