Latest / The Missing Middle Podcast
Why Are Young People Paying for Wealthy Seniors?
Canada’s growing debt isn’t just a problem for governments; it could shape the future for younger generations.Sabrina Maddeaux and Mike Moffatt explore how government debt, Old Age Security (OAS), and spending choices shift wealth between generations. They discuss whether wealthy seniors should receive full OAS benefits and how younger Canadians may be paying more through higher taxes, housing costs, and rising debt.While not all debt is harmful, borrowing for long-term investments like infrastructure, transit, housing, and energy can be beneficial, borrowing to sustain costly programs is…
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