Cash subsidies should be targeted. Essential services, universal.

Most gains from economic growth today flow to prioritiestied to older Canadians — retirement income support (Old Age Security) and medical care — leaving less for housing, child care, post-secondary education, and climate action. This is happening even as younger Canadians pay more income tax to support seniors than boomers did when they were younger.

In this episode of Hard Truths Pod, Generation Squeeze founderDr. Paul Kershaw explains why essential services — like health care, education, and child care — should remain universal at the point of entry and why cash subsidies (like Old Age Security) work best when they’re targeted based on need, not just age.