Quote:
Originally Posted by Pastiche
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it's created, it's called the Canadian Pension Plan and Old Age Security
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What do they get? $20,000/year?
Enough to put yourself into a nursing home? Depends where I guess.
But if that is indeed what they get, it certainly won't cover everything. Which is why you're supposed to save for retirement.
What happens when all those old folks need to go on low-income support because they suddenly don't have enough money to support themselves?