The Golden Years?

There are now more Canadian's over 65 than under 15. Almost two-thirds of working class Canadians do not have an employer based pension plan. Though Canada has an increasingly aging population, most of them are not financially ready for retirement, according to a report from the National Institute on Aging at Ryerson University, released on February 11. It shows that only 6.2 million of the approximately 19 million of the working class have a company pension. Canadians who enter retirement with one and other plans such as the Federal pension and Old Age Security, have an average income of $55,400, compared to $31,400 for those without a company plan. And people used to refer retirement living as the ''Golden Years''!
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