Canada's Seniors

The 2006 census reported that Canada's 65 and over population made up a record 13.7% of the total population.  Between 2001 and 2006 the number of Canadians aged 65 or older increased 11.5%, a rate that will increase substantially as the baby boomers hit 65.

Source: http://www.sustreport.org/signals/canpop_age.html

We are also seeing a significant increase in the number of persons aged 80 years of over.  The following table trends this age group from 1956 to 2006.

  Number of Persons aged 80 years of over in the Canadian population - 1956 to 2006

Source: http://www12.statcan.ca/census-recensement/2006/as-sa/97-551/figures/c5-eng.cfm

In general, the financial situation of seniors has improved over the past quarter century.  Between 1980 and 2003, the average total income (after tax) received by senior couples increased by 18%, from $36,000 to $42,800.  Incidence of low income has declined generally; however, the incidence of low-income among elderly women living alone is the highest of any category. http://www.statcan.gc.ca/pub/89-519-x/2006001/4122092-eng.htm

  Average Market Income for Seniors in Canada - 2000 to 2004

Source: http://www.ccsd.ca/factsheets/economic_security/income/index.htm

This decade we are seeing an increase in employment activity for seniors, likely to increase even further given the recent economic downturn, loss of investment value and uncertainty about various retirement income sources.

  Seniors Employment - 2000 to 2006
  # employed full time and part time

Source: www.ccsd.ca/factsheets