Facts about seniors' income

Hoof Hearted

House Member
Jul 23, 2016
4,477
1,173
113
"I expect to be shot by a jealous husband when I'm 93...running butt-nekkid down the alley."

Sadly, my father went the same way.
 

Cannuck

Time Out
Feb 2, 2006
30,245
99
48
Alberta
Same for me but I'm hoping to make it at least to 100! :)



I don't think the jealous husbands have much to worry about
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,340
113
Vancouver Island
Lottery winnings are the retirement package of choice by a large segment of the population. Right now it is only government employees that know they will skate through retirement as they have throughout their employed life.
Even those of us with union pensions face a risk that it will disappear when collection time comes as it has been known to happen in the past.
I'm thinking that perhaps all pension funds should be administered through CPP or else use employer paid RRSPs instead of a company pension plan. Then it is up to the employee to invest as they see fit.
 

petros

The Central Scrutinizer
Nov 21, 2008
117,187
14,245
113
Low Earth Orbit
Judging by your wattage I can see why Alberta Human Services and Alberta Health Services funds the community job program you participate in.
 

petros

The Central Scrutinizer
Nov 21, 2008
117,187
14,245
113
Low Earth Orbit
Did you ever notice how handicapped people get stuck on a word or phrase that they keep repeating ad nauzeum?
A fried neural pathway that fires at will.

It's amazing how deep the trough he gorges from is.

Every day we develop and deliver meaningful programs, supports and advocacy. We contract with Alberta Human Services and Alberta Health Services and collaborate with other community based organizations, health professionals, mental health outreach, probation officers and the Medicine Hat Police, and community members, in a shared vision where people are healthy, safe and feel connected to the community in which they live.
 

OpposingDigit

Electoral Member
Aug 27, 2017
903
0
16
If it holds true, and as most economists predict, and that China will be the world economic power by 2030, and thus America will be unable to finance its multiple trillion dollars of debt, there is going to be nothing for anybody. Every promise made to the working class since the end of WWII will disappear.

The economic collapse may be slow to arrive, but it will happen overnight.

People need to begin to view every news story for the "Hidden Agenda" of governments preparing for the oncoming economic collapse. All the anti-terror laws, the mass surveillance, safe bunkers for the Ruling Class, are all in place for this exact reason. Every protester will be named a terrorist. Every "No Fly List" will have all the Professional Protest Organizers unable to travel. Every street will be crawling with opioid addicts on the prowl for a relief of their cravings.

Anybody with money in the bank will lose it because it will be seized as a "Bail-In".

All the federal insurance for deposit gurarantees is a load of crap. In the U.S. the FDIC has only 8 billion dollars available or set aside for an event of this type, and the law says the insurance payouts have a 20 year grace period before having to be paid.
 
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Hoid

Hall of Fame Member
Oct 15, 2017
20,408
4
36
Lottery winnings are the retirement package of choice by a large segment of the population. Right now it is only government employees that know they will skate through retirement as they have throughout their employed life.
Even those of us with union pensions face a risk that it will disappear when collection time comes as it has been known to happen in the past.
I'm thinking that perhaps all pension funds should be administered through CPP or else use employer paid RRSPs instead of a company pension plan. Then it is up to the employee to invest as they see fit.
OMG

How much money do you think they get?

I think the problem here is that younger Canadians do not understand that when you get old you get broke - or they are just coming to terms with that and their first instinct is to blame someone or envy someone.

Let me tell you flat out - there are very few seniors citizens who are not struggling to make ends meet.

The difference between you and them is that you can still earn money. By and large they can't.