Invest fairly in all generations: news & insights
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OAS growth rejected, saving $16 billion for Canadian taxpayers!
Rejecting an additional $16 billion in poorly targeted and costly retiree income benefits is a big victory, and we should be proud of our contribution to it. But even as we celebrate this accomplishment, we can’t let up on next steps.
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New Poll: Canadians reject Bloc Québécois demand to grow retiree benefits in unfair way
New poll finds that about 3/4 of Canadians support reducing benefits for retirees with incomes over $100k, in order to make funds available for a win-win-win plan to eliminate seniors’ poverty, invest in younger people, and reduce the deficit.
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Globe & Mail: A plan to strengthen OAS, help younger Canadians and reduce the deficit? Thanks, affluent boomers!
Ottawa may add billions to Old Age Security for rich and poor seniors alike – an increase that would be funded disproportionately by younger Canadians. Instead, Generation Squeeze believes OAS reform can deliver real help for retirees with low incomes and affluent boomers can play a big role.
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Globe & Mail: The Bloc Québécois threatens the finances of millennials and Gen Z
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.
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Fairness for every generation: more than an empty slogan, not yet a reality
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."
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Globe & Mail: University lobbyists are failing young adults
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.
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Globe & Mail: Millennials and Gen Z deserve legislation to protect their finances
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.
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Generational fairness goes global at UN Summit of the Future
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.
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Globe & Mail: Our kids think we’re rigging the system against them
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.
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Globe & Mail: It’s not evil to question boomers’ legacy
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.
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