Delayed retirement could increase inequalities among seniors

Raising the age of eligibility for the Old Age Security pension and the Guaranteed Income Supplement in Canada will increase inequalities between older people, researchers say. “This change will force retired people into greater dependence on their private savings to support them as they get older. Research shows that greater privatization of the retirement income system results in growing inequalities among the older population. When you raise the pension eligibility age, you are also opening the door to rising disparities” according to a demographer.

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