Millennials are Canada’s fastest growing population due to immigration

Credit to Author: Ramya Ramanathan| Date: Mon, 02 May 2022 19:44:33 +0000

Findings from the 2021 Census, released on April 27, 2022, reveal that millennials or people aged 25 to 40 are Canada’s fastest-growing generation.

In the five-year period since the last census (2016), the number of millennials in Canada rose 8.6 per cent compared to a 5.2 per cent increase for the overall population.  This is due to higher rates of immigration among millennials compared to other generations. More than half of the immigrants who settled in Canada from 2016/2017 to 2020/2021 were millennials. And, this is despite the impact of the COVID-19 pandemic on recent immigration.

This generation currently makes up a large share of the working-age population. The 2021 Census counted 7,926,575 millennials — over one-fifth of Canada’s population.

For the first time since the end of the baby boom, baby boomers — those between the ages of 56 and 75 in 2021 — make up less than a quarter of the Canadian population (24.9 per cent).

Canada’s population is changing due to baby boomers getting older and immigration boosting numbers in the younger generations. These changes will have significant consequences, particularly on the labour market, services to seniors, and the consumption of goods and services.

Generations as defined by the Census are as below:

• Greatest Generation: people aged 94 or older (born before 1928)
• Interwar Generation: people aged 76 to 93 (born between 1928 and 1945)
• Baby Boomer Generation: people aged 56 to 75 (born between 1946 and 1965)
• Generation X: people aged 41 to 55 (born between 1966 and 1980)
• Generation Y (millennials): people aged 25 to 40 (born between 1981 and 1996)
• Generation Z: people aged 9 to 24 (born between 1997 and 2012)
• Generation Alpha: people aged 8 or younger (born between 2013 and 2021)

More details are available in the 2021 Census report which offers a generational portrait of Canada’s population.

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