Let's be honest - If you are making minimum wage as an adult with a family, you are not going to be able to build much of a retirement fund. The best advice is 100% get into a job that pays more.
However, only ~8% of Canadians earn minimum wage
Of that 50% are under 25
So we're looking at ~4-5% of the Canadian working population over 25 being in this situation
A minimum wage earner makes ~$30,000 a year
CPP pays ~$15,000 and OAS pays ~7500
So for a minimum wage earner (Someone who is earning minimum wage for their entire working career and cant build a retirement fund in any way) the government provided benefits provide $22,500 or 75% of their pre retirement income.
These people will unfortunately be forced to find a way to make another $600 a month to close the gap during retirement.
However, if this same minimum wage earner contributes just $25 from each paycheck from the age of 25 to retirement (at 6%) they would have $140,000K, or enough to cover the gap between minimum wage of government provided retirement $$
So even at minimum wage finding a small amount to put aside helps - And all the advice given are ways to potentially find that $25 every two weeks.
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