Many Canadians nearing retirement age facing hard times

Many thousands of “boomer” generation Canadians are facing a hard financial future with “wholly inadequate” funds set aside for their retirement, says a report made public earlier this week.

The Broadbent Institute report, titled An Analysis of the Economic Circumstances of Canadian Seniors, made me think right away of the Ontario Association of Food Banks’ Hunger Report 2015. It noted an alarming, and unexpected, 35 percent increase in the number of Ontario seniors using food banks last year compared with 2014. Continue reading