Invest fairly in all generations: news & insights

If the Bloc gets its way, younger Canadians will be on the hook to pay even more taxes for boomers’ OAS benefits. This would compound the unpaid bills they already inherit because governments failed decades ago to raise enough revenue to pay for the healthy retirement that boomers deserve.

This week, the United Nations enacted the Declaration on Future Generations, which obliges all nations to govern as Good Ancestors. To support its implementation here at home, Generation Squeeze prepared Canada’s first-ever Report Card on our federal government’s 2024 budget commitment to "Fairness for Every Generation."

Student struggles with unaffordable housing, rising food-bank use and debt are tell-tale signs that the Canadian university sector must improve its advocacy. Economic precarity should not be the price required to get a degree in this country.

A root cause of many of the financial challenges now facing millennials and Gen Z is that governments decades ago failed to plan adequately for the future. It is time for Canada to enshrine generational fairness in the machinery of government with an act to safeguard the well-being of present and future generations.

Generation Squeeze is bringing our generational fairness solutions to the first-ever United Nations' Summit of the Future in New York this September. Canada will join other world leaders to stand in solidarity with current and future generations by agreeing on a Pact for the Future and a Declaration for Future Generations.

From ongoing over-extraction of shared resources from the environment, to wealth from the housing system, and young people’s tax dollars going to pay for boomers’ retirement, a majority of millennials and Gen Z Canadians have good reasons to believe that previous generations are rigging the system for their benefit.

We need to guard against making it taboo to discuss the intergenerational tensions that flow from ageism, because shutting down dialogue diverts attention from the societal adaptions required to restore intergenerational solidarity.

The NDP in B.C., Progressive Conservatives in Ontario and Liberals in Ottawa all struggle to balance their budgets today because governments failed decades ago to plan adequately for boomers’ retirement.

There are only three realistic paths to eliminate the federal deficit: gut benefits for boomers’ retirement; raise taxes to pay for boomers’ benefits; or ramp up immigration. Voters deserve to know which challenges Mr. Poilievre plans to accept.

Canada’s Gen Fairness budget is getting noticed around the world. Our colleague from the UK’s Intergenerational Foundation, Liz Emerson, took the time to share her thoughts on the promise of generational fairness at the heart of Canada’s recent federal budget