In today’s Canada Day edition of the Globe & Mail, Margaret Wente imagined Canada 47 years from now. The writing reminded me a bit too much of a corny Kathleen Parker column, but Wente’s exercise in projecting out demographic trends is interesting if not believable.
The part that seemed most uncomfortably close to reality:
Canada’s population has swelled to 44 million. But immigration hasn’t reversed the aging trend. Although the national IQ is high, so is the national age. A third of all Canadians are over 65. But “retirement,” as they used to call it, is long gone. There weren’t enough workers to support the retirees. Today, you can’t get old-age benefits until you’re 75 or 80. That’s really not that old. Breakthroughs in biomedicine have yielded cures for many of the old degenerative diseases, such as Alzheimer’s, and the average natural life expectancy is pushing 100.
All the young people paying into the Ponzi scheme that is Social Security are shaking their heads right now.