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5.6 Impact of the Aging Boomers

5.6 Impact of the Aging Boomers. Text. Dependency Load. Today, many baby boomers are preparing for. Dependency Load. The Echo kids will fill their place in the workforce By the year 2020 most boomers will be retired or close to it

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5.6 Impact of the Aging Boomers

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  1. 5.6 Impact of the Aging Boomers Text

  2. Dependency Load • Today, many baby boomers are preparing for

  3. Dependency Load • The Echo kids will fill their place in the workforce • By the year 2020 most boomers will be retired or close to it • Some people wonder if we will be able to support the large mass of aging boomers who will increasingly rely upon us

  4. Dependency Load • Dependency Load is the measure of the proportion of the national population that is dependent and not actively employed • High dependency loads make it very difficult for the working population to meet the needs of children and seniors

  5. Dependency Load • When the proportion of income earners in a population is low, governments must either levy high taxes or burrow heavily to provide essential: Social Services

  6. Dependency Load Educational Services

  7. Dependency Load Medical Services

  8. The boomers as Seniors • Many boomers are ready for their retirement • 1/3 of taxpayers also contribute to RRSP’s • Government pension funds will not be able to support a generation expected to live 15 to 25 yrs after they retire

  9. The Boomers as Seniors • Two other factors suggest that the impact of the boomers need not be negative

  10. The Boomers as Seniors • Many boomers will also take up “second careers”

  11. The Boomers as Seniors • They will also contribute to the economy by Paying Taxes

  12. The Boomers as Seniors

  13. Assignment • Competing Perspectives pg 164-165 #1,2,4 • Pause and reflect page 168 #1 2

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