Invest fairly in all generations: news & insights

Finance Minister Chrystia Freeland emphasized the need for “fiscal restraint” in her recent budget. But that’s not what she delivered in a budget which includes $132-billion in deficit spending over the next five years. This adds about $6,100 in government debt for every Canadian under age 45 – most of which pays for spending used by the aging population. The Finance Minister piles on this debt partly because her budget turns a blind eye to the housing wealth accumulated by many in older generations.

Watching the natural world transform around us is a welcome reminder that change is possible, especially during these precarious times. This spring has brought with it a wave of interest in our work, making it even more inspiring than usual for us at Gen Squeeze. 

2023 Federal Budget is choosing to beef up the retirement security of seniors more than the financial or climate security of those who follow them

Is the Ontario 2023 Budget really 'working for you'? We bring you seven key takeaways you won't hear in the talking points.

Finances for younger Canadians would be much better had boomers lived within their means. But the data show otherwise. A simple focus on the expansion of government debt over boomers’ working lives makes this clear, since the amount of debt inherited per younger person tripled on their watch. It’s time for boomers to own up to this part of their legacy.

British Columbia Premier Eby’s government faces an uphill climb to improve the NDP’s track record on making BC work for all generations. The 2023 Budget has taken some first steps up this mountain, but there’s more distance to close. We've just released our BC budget breakdown.

The new health money is a win for the personal finances of retirees. But it’s a different story for younger residents, who must pay an ever-growing amount in taxes for the medical needs of our aging population by comparison with what baby boomers paid for retirees when they were younger.

While inflation forces Canadians to focus on household budgets, it’s also important to pay close attention to government spending and its influence on our personal finances.

Like all Throne Speeches, Alberta’s November 29 installment is a broad statement about government priorities. One clear message from this missive is that Alberta won’t be prioritizing generational fairness any time soon.