Looking at those figures, it seems CPP/OAS are the foundation of most Canadians’ retirement. I’d guess the average senior collects around $1k/mo between the two programs, accounting for almost half of the $61k median household and $28k individual retirement income. So having enough savings to provide another $1k/mo would just about bring you to the median retirement income.
Just trying to point out that in a lot of these retirement threads (and media advice columns) the ranges presented are from the wealthiest 30 per cent of Canadians to the wealthiest 5 per cent. They’re far from how typical Canadians do and will retire.
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Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
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