A growing number of British Columbians depend on fewer British Columbians in the workforce, according to BC Stats.

More British Columbians depend on fewer working-age British Columbians

BC Stats predicts dependency ratio to hit 65 per cent in 2038

A growing number of British Columbians depend on fewer British Columbians in the workforce, according to BC Stats.

In 2018, B.C. recorded a dependency ratio of almost 50, up from 44 in 2010. This figure means just under 50 residents aged 15 to 64 support 50 people who are youth (aged zero to 14) and seniors (65 and older).

RELATED: Home care declines as B.C. senior population grows, advocate says

RELATED: Canadian society is undergoing ‘rapid aging,’ says Statistics Canada

“Population projections produced by BC Stats indicate that the total dependency ratio for British Columbia will continue to increase over the next 20 years,” the agency said in an analysis attached to its Quarterly Population Highlights released Oct. 7. “By 2038, this ratio could reach 65, a 30 [per cent] increase from the current levels.”

The total dependency ratio represents the ratio of the sum of the youth and senior population to the working age population multiplied by 100.

Economists and others use it as an indicator of the economic pressure on the productive population to support service delivery to the dependent population.

RELATED: New report shows effects of Canada’s aging workforce

RELATED: B.C. population on pace to fall behind Alberta

“In general, a low dependency ratio means government has more resources to deliver services such as education, healthcare and pension payments,” reads the analysis. “For the same level of services, a higher ratio will mean increased financial stress on the working-age population since there is more people for them to support. Like other jurisdictions in Canada with an aging population, British Columbia is expected to see this ratio go up.”

The same applies for the Capital Regional District. It projects a ratio of 53 by 2036.



nick.murray@peninsulanewsreview.com

Like us on Facebook and follow us on Twitter

wolfgang.depner@peninsulanewsreview.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Saanich Peninsula Branch of Royal Canadian Legion leaves North Saanich after 90 years

Branch will temporarily operate out of SHOAL Centre for Seniors

Police watchdog looking for witnesses to arrests in Victoria’s inner harbour

One male left injured after arrests near Red Fish Blue Fish

Speaker ‘will not tolerate illegal activity’ on B.C. legislature grounds, says chief of staff

Chief of staff to the B.C. speaker Alan Mullen says situation with demonstrators appears ‘fluid’

City frustrated as truck lodged under bridge one week after Victoria installs new signage

Dozens of trucks and buses have hit the E&N Rail bridge on Hereward Road

Clothing, jewelry, purses: RCMP ask court about disposal of evidence in Robert Pickton case

Pickton was sentenced to life with no chance of parole for 25 years for the murders of six women

Greater Victoria Crime Stoppers wanted list for the week of Feb. 25

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Ryan nets hat trick in return as Senators beat Canucks 5-2

Ottawa winger received assistance for admitted alcohol problem

Wet’suwet’en hereditary chiefs meet with provincial, federal ministers

Neither party speaking on the groundwork laid for tomorrow’s talks

MPs to examine privacy implications of facial-recognition technology used by RCMP

The MPs will look at how the technology affects the privacy, security and safety of children

Dates back to 2009: Calgary police lay charges in fraud involving semi-trucks

Three people from Calgary are facing charges that include fraud over $5,000

Comox 442 Squadron carries out two sea rescue missions north of Vancouver Island

Submitted by Lt. Alexandra Hejduk Special to Black Press 442 Transport and… Continue reading

Most Read