The Global Age Watch Index report has ranked Canada 5th out of 91 countries in terms of how our aging population is faring. The index looks at four features in terms of analyzing an older people’s wellbeing: income, health, education, employment and enabling environment.
The report indicates that the world is aging so fast that most countries are not prepared to support the increasing number of elderly people
Based on its rankings, it appears that Canada is more prepared that other nations to cope with an elderly population. However, our population is expected to double in the next 25 years so resources that are available now, may not be available in the future. The underlying theme of this news is that it is important for people to speak to their families and take steps to prepare for retirement and their futures.