Question: Amid declining private savings rates over the past few decades and an aging population, should...

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Question: Amid declining private savings rates over the past few decades and an aging population, should the Government of Canada enact new policies to either mandate or induce individuals to save more? What types of common policies or programs could be implemented, and which regulatory approach (es) would you recommend, if any? Discuss strengths and weaknesses of your recommendation within the context of the life-cycle model. Question: Amid declining private savings rates over the past few decades and an aging population, should the Government of Canada enact new policies to either mandate or induce individuals to save more? What types of common policies or programs could be implemented, and which regulatory approach (es) would you recommend, if any? Discuss strengths and weaknesses of your recommendation within the context of the life-cycle model.

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The question of whether the Government of Canada should implement policies to encourage individuals to save more is a complex one and there are arguments both for and against such policies On the one ... View the full answer