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The budget and baby boomer guilt

On Daybreak Tuesday morning, Chris mentioned an analysis by Margaret Wente, dealing with the budget and baby boomer guilt.

She writes:

We boomers have been the biggest winners from the social-welfare state. Today that state is stacked against the young. In Canada, we spend twice as much of our national income on health care as we do on education - but health care mainly benefits the old. According to a recent C.D. Howe report, annual health-care costs for a person over 65 are three to four times greater than for someone under 44. For a person over 85, they're 12 times greater. As the boomers age, the math gets ugly. By the 2020s, nearly 17 per cent of Canada's GDP will be spent on health care - up from 12 per cent today.

You can read more of that article here.


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