Showing posts with label pensions. Show all posts
Showing posts with label pensions. Show all posts

Friday, January 27, 2012

Steven Harper and Old Age Security

A followup to this post can be found here.

Canadians today live in an age of growing income inequality: the rich are getting richer and the poor are getting poorer (see this post for more on this issue).  However this trend is mostly concentrated among working age people: among seniors there has been a dramatic decline in poverty over the last 40 years.

According to a report by the Conference Board of Canada, poverty rates among the elderly fell from 37% in 1971 to 6% in 1991 and has remained low since.  Canada is a global leader in this respect, an example to be emulated.  Recent remarks by Steven Harper indicate that he intends to reverse this hard won progress.
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