Workers aged 55 years and over hold one-fifth of the jobs in Canada.
The participation rate for Canadian women aged 60-64 has more than doubled.
Government workers in B.C. are absent from their jobs for personal reasons 49 per cent more often than private-sector workers.
By 2047, the costs of OAS and GIS will increase by an estimated 47 per cent.
Statistics Canada looked at the impact of aging on labour market participation rates.
Most Canadians under the age of 25 have little or no wealth.
Reversing course and raising the age of eligibility for retirement benefits to 67 from 65 would be politically costly, but it makes eminent sense when one considers the aging of our population.
As Canada's finance ministers meet to discuss the Canada Pension Plan, the debate has thus far been insulated from international pension models and limited to whether or not we should expand the CPP.