Never before has the Government of Canada formally acknowledged that hard work isn’t paying off for younger Canadians today the way it did for previous generations. Budget 2024 labels this sad reality as the starting point for a new economic framework to achieve ‘Fairness for Every Generation.’
Generation Squeeze has explained why it’s momentous for a government to name generational fairness as a focal point for fiscal planning. At the same time, we know that fixing the generational tensions that crept into our economy and policies over decades requires more than what a single budget can deliver. It’s no surprise then that alongside the hope Ottawa is delivering, there remains some major ground to catch up to build a Canada that promotes wellbeing from the early years onwards.
