Good news for retirees: Canada is the fifth-best place to grow old in
Aug 1, 2016
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It is no secret that Canada’s population is aging. In fact, for the first time ever, there are more people over the age of 65 than under the age of 15.
CBC News says that according to a recent Statistics Canada report, “there were 5,780,900 Canadians 65 and older on July 1 . That compares to an under-15 population of 5,749,400. In percentage terms, 16.1 per cent of Canadians were in the 65-and-over group in July, with under-15s accounting for just 16 per cent of the population.”
This means that more than one in six Canadians are 65 or older. How well equipped is Canada to handle the aging population?
According to the Global AgeWatch index compiled by HelpAge International, Canada is ranked as the fifth-best place in the world to grow old in. This is good news for our aging population.
The index factored in things like health and income status, education, employment rate and enabling environment to determine the best and worst countries to grow old in.
Of the four main comparison points, Canada ranks in the top 10 for each one. Here are the results:
As summarized on EverythingZoomer.com:
Here are the best 10 places for people to grow old in worldwide:
To maintain our high score in health status, it’s important for Canadians to have access to affordable health care. If you want to learn more about how private health insurance can help offset the costs OHIP doesn’t cover, get a free health insurance quote today.