The conversation highlights the pressing issue of intergenerational tensions in Canada, particularly focusing on the financial burdens faced by younger Canadians. Sabrina discusses the potential consequences of failing to address these issues, including the risk to public healthcare and the erosion of political support for senior programs. The need for a modernized fiscal system that is equitable for all generations is emphasized as a critical solution to prevent further societal breakdown.

Chapters

00:00 Introduction 

01:07 Are seniors struggling economically?

02:34 Shout out to Generation Squeeze

02:52 Breaking down who benefits from government spending

04:00 How Gen z and Millennials are fairing

05:18 Intergenerational wealth transfer from old to young

06:00 Shout out to Boom, Bust and Echo

07:00 Senior citizen tax advantages

08:40 Redesigning our fiscal system for generational fairness

11:44 Good policy doesn’t always make good politics

13:00 What happens if we don’t fix this?

15:00 Less intergenerational fight club more intergenerational cooperation

Research/links:

After years of decline, child poverty in Canada is rising swiftly: report

Generation Squeeze: https://www.gensqueeze.ca

Paul Kershaw's "Hard Truths" podcast: https://www.gensqueeze.ca/video

Who is being asked to sacrifice in Budget 2025?

Recent health care deal is a win for retirees. The finances of younger Canadians are collateral damage

How younger Canadians end up paying more for boomers' medical care

Seniors and the generation spending gap

A trillion-dollar tsunami: Canadians grapple with unprecedented wealth transfer

Canadian Institute of Health Information - National Health Expenditure Trends: https://www.cihi.ca/en/national-health-expenditure-trends

Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux

Produced by Meredith Martin

This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.