'Squeezed' generation placed under the gun
Meet Generation Squeeze, defined as those under 45 years of age.
Dr. Paul Kershaw from UBC will be in Terrace, Monday, Feb. 25 to talk about a government spending imbalance that affects people under the age of 45.
“Governments spend just $12,000 on benefits and services per Canadian under 45, compared to nearly $45,000 for every retiree,” reads promotional material being circulated for Dr. Kershaw’s appearance.
“This spending imbalance persists even though high home prices squeeze generations under age 45 with crushing debt, which they must pay with wages that have fallen compared to a generation ago, and in jobs that rarely contribute pensions. This is not a good deal if you are under 45,” reads the material.
Dr. Kershaw will talk about safeguarding medical care and retirement security without sacrificing present and future generations, the material adds.
Kershaw will be speaking at a luncheon at the NWCC longhouse from 11:30 am to 1:30 pm on Feb. 25. Managers and decision makers are welcome.
Those attending should register by the end of today, Feb. 20, at www.terracechildren.org. There is no cost.
There is also an evening gathering at the Elephant’s Ear starting at 7 pm. on Feb. 25.
This one is particularly meant for parents and those under 45 but open to anyone as well.
Local sponsors include Success by 6, Northwest Community College and Make Children First.