Budget 2025: Who is being asked to sacrifice

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Generation Squeeze
/November 06, 2025

Budget 2025 sidesteps a hard truth: neither the Prime Minister who tabled it, nor the Opposition Leader who critiques it, has found the courage to ask financially secure retirees to share equally in this national moment of sacrifice.

In this episode of the Hard Truths pod, our social media coordinator Jennifer Fox presents the Generation Squeeze press conference direct from Ottawa. where Gen Squeeze founder, Dr. Paul Kershaw spent budget day crunching the numbers on Prime Minister Carney’s long-awaited fiscal plan. Paul unpacks what Budget 2025 reveals about generational fairness — how rising costs and ballooning deficits continue to deepen the divide between young and older generations of Canadians.

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Generation Squeeze is a force for intergenerational fairness, to improve Canada’s wellbeing, powered by the younger voices and backed by cutting edge research.

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