By comparison with the dollars that Parties provide retirees, they invest pocket change in Generation Squeeze. But there are important differences in the amount of pocket change.
In 2019, there will be approximately 20,632,747 Canadians under age 45, representing 55 per cent of the population. Table 1 shows that spending on this group will increase by:
- $10.2 billion under a Conservative government
- $17.0 billion under a NDP government.
- $17.2 billion under a Liberal government.
- $20.7 billion under a Green government.
The Greens are the only party to budget more in aggregate for Canadians under age 45 than for Canadians age 65+. However, since there are three times as many people under age 45 compared to age 65+, on a per person basis no party promises to invest more new money for younger Canadians than for retirees.
- Conservatives will invest $494 per person under age 45. This is less than 1/5 of the new money the party finds per retiree.
- The NDP will invest $822 per person under age 45, about ¼ of the new money it will invest per retiree.
- The Liberals will invest $835 per person under age 45, about ¼ of the new money it will invest per retiree.
- The Greens will invest $1,004 per person under age 45, about 1/3 of the new money it will invest per retiree.
According to Platform numbers, the Conservatives invest $7 billion to $10.5 billion less in younger Canadians than the other parties because the Conservatives propose billions of dollars less investment in
- Employment Insurance than the NDP and Liberals
- Infrastructure than the NDP, Liberals and Greens
- Cash for families than the Liberals
- Child care services than the NDP and Greens
- Education than the Greens
By the numbers, the Greens invest $3.5 billion more in younger Canadians than do the NDP and Liberals because the Greens propose billions more investment in
- Infrastructure, especially green technology, green energy, transit, housing and municipal development
- Child care services, although the party spends billions less than the NDP and Liberals on cash for families
- Postsecondary education