“Our social spending heavily favours older people at the expense of younger generations… [OAS and GIS] are an important part of our social welfare but they were designed for a different time.”
“OAS, which is funded entirely from general taxpayer revenue, is projected to increase from $55 billion in 2024 to over $90 billion by 2030 – a 64% increase in just six years. This rapid growth is happening while the very generations expected to fund these payments are facing unprecedented economic challenges.”
