Quote:
Originally Posted by Ozy_Flame
Anyone who is in Gen X and younger should know that CPP is probably going to be non-existent by the time we retire, and that RRSPs and a healthy investment portfolio is where the real retirement bucks are.
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If the CPP is insolvent in 20 years, we better prepare for a future where most seniors live in abject poverty. Because a lot of people simply don't have money at the end of the day to put into RRSPs, and a lot of people who do are relying to CPP as a foundation for their retirement with RRSPs topping it up.
But of course there's no reason to believe it will be insolvent other than generalized fear and mistrust.