Spending on seniors’ care across all provinces is projected to increase six-fold to $177 billion by 2046.
That’s the latest findings in a Conference Board of Canada report.
Louis Theriault, vice-president, public policy, projects B.C.’s spending on seniors’ care will skyrocket from $2.1 billion now, to almost $15 billion over the next 30 years.
“The older seniors, the 85+ is growing more quickly in B.C., which will make the overall growth in spending for seniors in B.C. among the fastest in Canada, just Alberta is ahead.”
Theriault says nationwide, demand for continuing care is projected to increase by 71 per cent in the next decade.