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Baby Boomer's Negative Impact On Our Society

748 Words3 Pages

During the 1947 to 1965, about 76.4 million children were born, this phenomenon was eventually labeled as the Baby Boom (Canadian Encyclopedia). Baby Boomers have left a significant impact on our society till this day. In this time period, it was common to have 5-7 children and people were experiencing life to see what life has to offer. During the time period, stocks rose due to the rapid increase in babies (textbook). However as the years progress, stocks have been decreasing in sales, establishing a reduction in consumerism. It has brought to attention that the Baby Boomer era has decreased in births after the Baby Boom, leaving the government outraged due to the fact that the Baby Boomer event will impact peak in births during the Baby Boom era resulted in financial instability in Canada and how society as a whole is experiencing difficulties …show more content…

With the increase in births, many people are concerned about the negative impact of the aging population on the economy. Due to the aging population means that most taxes provided from Canadian civilians are going towards elderly and their healthcare. Canada is not financially stable in the future because not enough workers to work in industries. Due to the the population differences as there are more people over the age of 65 than people under the age of 15(The Globe and Mail)” The government is also paying for some expenses for the baby boomers retiring which adds up to our national debt. Our national debt is around $17 million and our generation will have to pay for these debt due to our big population. Aging population plays a big impact on our economy, meaning that the population pyramid will have an uneven balance leading to many

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