Mark Hunt via Getty Images
The shift was driven by a trend that took root in 2011 and has continued to accelerate — the aging of the baby boomers
First, assuming that the baby boom is a post-war phenomenon means we jump to the wrong conclusion when guessing the cause. The baby boom was not the result of frisky soldiers returning to Canada. It was, instead, the result of the very good economic times in the period 1952 to 1965 allowing for at-home moms and large families.
As health awareness and technology continue to advance, more and more boomers are shouldering the dual responsibility of ensuring that both their children and their parents are cared for and looked after. Baby boomers should accommodate both the next generation and the generation before them when planning.
OTTAWA - Along with reduced pensions, low returns on their savings and high debt, Canada's boomer generation is facing an additional burden as they ease into their retirement years — their "boomerang...