If they retire – why do they expect younger Canadians to support them? If they are hale and hearty – how long can younger Canadians be expected to support them? If we look not at total spending, but at how seniors’ income breaks down, statistics Canada provides some telling information. According to Stats Can, 19% of seniors’ income comes from Old Age Security and the Guaranteed Income Supplement. Other sources of seniors’ income include 30% from private pension plans and 10% from investment income.
Source: National Post May 31, 2017 22:30 UTC