August 17, 2017
Decades of attack on the stability of pensions in Canada is nothing short of a crisis looming over the future of our economy, and it must be addressed now before too much damage is done.
We are already beginning to see the effect of past pension cuts.
The stark fact is that fewer and fewer Canadians can look forward to a decent pension. As well, with all the pressures of daily life and raising families, few of us find it possible to save for retirement.
Consider that just over 20 years ago, only 3.9 per cent of seniors lived in poverty. By 2015, the rate was 14.3 per cent — something to be ashamed of, and the situation is unlikely to get better as pensions continue to be attacked.