Retired accountant Nicholas Dampier thinks it’s time the government spent more money on retirees.
“I think it’s a very big waste of money,” he said.
“It is not going to save the country much.”
“The government has a responsibility to its citizens, not just the elderly.
If you look at the data on seniors, what they are spending, what their savings is, it’s very, very low.
They are in very good shape.
They’re not spending the money.
They have plenty of money in their retirement accounts, but they’re spending it all on the elderly.”
Dampier says the government should have made a stronger commitment to provide the same amount of retirement income support as it has for the rest of the population.
According to a report by the Canadian Pension Alliance, only 9.7 percent of the people who get their pensions are covered by the Canada Pension Plan.
That’s a figure that includes the income of people who retire, not the people getting them.
“You need to be able to get the benefit to stay in a comfortable position.
So it’s important for the government to spend money on the seniors who need it,” Dampiers said.
In a statement, the prime minister’s office said the government is “making every effort to keep Canadians’ retirement security.”
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