The Auditor General of Canada said in 2006, “The demographic die is cast: There is little we can do to reverse or even slow the ag(e)ing of Canada’s population over the coming decades. But it is certainly within our power to plan better for it. And better planning begins with better information concerning the long-term fiscal implications of the coming demographic shift.”
In recent years, both the United States and Canada have been steering their citizens towards considering later retirement. Government initiatives in these countries aim to address a range of economic, demographic, and social challenges. This article explores the reasons behind this push, as well as the advantages and disadvantages citizens may encounter in complying with the governments’ wishes.
Continue reading “The Push to Retire Later: Government Initiatives in the US and Canada”