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Canadian Insights on Aging

Canadian Insights on Aging

Canadians are faced with increasing need to personally manage their finances, stressful family dynamics due to economic volatility and aging accompanied by health and relationship changes The increasing rate of technology and process changes by businesses including financial institutions are a barrier for older persons and increase their vulnerability to financial errors or security breaches Personal bankruptcy rates for those […]

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By |December 3rd, 2012|Blog|1 Comment

Aging Client Segments and Your Business

Aging Client Segments and Your Business

The aging of the global population is not news.  Our response to population aging is news.  Canada is aging rapidly.  In 2009 4.7 million people living in Canada had reached age 65 and older.  By 2036 this number will have doubled to at least 10 million older persons.  Not only are we getting older but we are living in retirement […]

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By |November 15th, 2012|Blog|0 Comments

The Wealth Effect and the Increasing Rate of Gray Debt

The Wealth Effect and the Increasing Rate of Gray Debt

The wealth effect means that people who feel they are financial well-off are more likely to spend money.  Those who feel they are financially stretched are more likely to cut-back on their spending.  Note that this is a ‘feeling’ rather than a ‘fact’.  Consumer behaviour follows trends.  Most recently debt has become socially acceptable, even for those nearing retirement.  This […]

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By |November 3rd, 2012|Blog|0 Comments

The Sleeping Giant – Intergenerational Conflict

The Sleeping Giant – Intergenerational Conflict

Senior-power, gerontocracy, greedy-geezers, intergenerational-inequity – and the list goes on.  The pejorative labels attached to the aging population and the perceived greater share of the resources that they will demand and receive.  A sense of insecurity is on the rise as fiscal debt grows and governments and businesses alike implement restrictions on benefits.  Most of the arguments would like us […]

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By |October 14th, 2012|Blog|0 Comments