Ladies and Gentlemen,
We have received the following article regarding the HOOPP report on Senior Poverty. A summary of the report is included below and a link to the full report. Interesting reading.
Senior Poverty: The Next Crisis?
HOOPP has published a report on poverty among seniors. Click on the
following link to view the report: Seniors and Poverty.
<https://hoopp.com/docs/default-source/newsroom-library/research/hoopp-research-article—senior-poverty—canada-next-crises.pdf>
<https://hoopp.com/docs/default-source/newsroom-library/research/hoopp-research-article—senior-poverty—canada-next-crises.pdf>
Senior Poverty: The Next Crisis?
HOOPP Website
26 June 2017
Staff
Senior poverty is rising. With life expectancy increasing and the decline of
workplace pensions, seniors aren’t receiving adequate retirement income.
HOOPP is launching a series of articles to deepen the conversation around
retirement security and to bring awareness around the benefits of defined
benefit (DB) pension plans.
In the first article, we discuss how an increasing number of Canadians are
heading into their senior years financially ill-equipped to adequately
support themselves when their working lives end. A stark illustration of
this has been set out in a slew of new statistics and studies that show
poverty among seniors is on the rise once again after nearly two decades of
decline.
Two key shifts have contributed to the rise of senior poverty in Canada:
· Canadians are living longer than ever before
· The number of seniors is growing at a faster rate than any other
segment of the population, with those over 85 leading the way
· In our first paper, we provide highlights from a growing body of
statistics and research on senior poverty in Canada, and explain why
workplace savings plans must play a role in generating a healthy and stable
income in retirement.
Sincerely
Terry Hill,
Communications Director
Police Pensioners Association of Ontario
Police Pensioners' Association of Niagara 