The conversation highlights the pressing issue of intergenerational tensions in Canada, particularly focusing on the financial burdens faced by younger Canadians. Sabrina discusses the potential consequences of failing to address these issues, including the risk to public healthcare and the erosion of political support for senior programs. The need for a modernized fiscal system that is equitable for all generations is emphasized as a critical solution to prevent further societal breakdown.
Chapters
00:00 Introduction
01:07 Are seniors struggling economically?
02:34 Shout out to Generation Squeeze
02:52 Breaking down who benefits from government spending
04:00 How Gen z and Millennials are fairing
05:18 Intergenerational wealth transfer from old to young
06:00 Shout out to Boom, Bust and Echo
07:00 Senior citizen tax advantages
08:40 Redesigning our fiscal system for generational fairness
11:44 Good policy doesn’t always make good politics
13:00 What happens if we don’t fix this?
15:00 Less intergenerational fight club more intergenerational cooperation
Research/links:
After years of decline, child poverty in Canada is rising swiftly: report
Generation Squeeze: https://www.gensqueeze.ca
Paul Kershaw's "Hard Truths" podcast: https://www.gensqueeze.ca/video
Who is being asked to sacrifice in Budget 2025?
How younger Canadians end up paying more for boomers' medical care
Seniors and the generation spending gap
A trillion-dollar tsunami: Canadians grapple with unprecedented wealth transfer
Canadian Institute of Health Information - National Health Expenditure Trends: https://www.cihi.ca/en/national-health-expenditure-trends
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.
