KnowhowKM is an enterprise knowledge management system used to capture and organize the knowledge of experienced employees within an organization.
KnowHowKM: Baby Boomers Begin Retirement
According to the study "Canada to 2058: Projections of Demographic Growth & Change for Canada and its Regions" by The Urban Futures Institute the first of the baby boomer generation will begin retirement in 2010.
The report predicts that the number of Canadians at the retirement age of 65-74 will rise from 2,406,698 in 2008 to 2,992,521 in 2013. They estimate that the population reaching that retirement age bracket will continue to quickly rise, reaching 5,652,974 Canadians by 2058.
Other highlights from the report include:
- The bulk of the post World War II boom generation will reach retirement over the next two decades
- "At the national level, the combined result of the aging of the post World War II baby boom cohort and increasing life expectancies will see the number of people 65 years of age and older almost triple over the next five decades (171 percent growth), compared to total population growth of only 46 percent."
- "This will increase the 65-plus population’s share of the population from today’s 14 percent (one in seven of us are 65-plus) to 26 percent (one in four) by 2058, with most of this increase in share occurring over the next two decades."
- "Every region within Canada will experience a similar pattern of demographic change: within three decades the 65-plus age group will account for more than 20 percent of the population in every region except Northern Canada"
To find out how KnowHowKM can help your organization retain and organize valuable corporate knowledge please click here!
