VANCOUVER—Single seniors living alone, most of whom are women, and especially single seniors with limited or no work history, are financially vulnerable in retirement, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Expanding the CPP in the hopes of helping financially vulnerable seniors makes no sense because such seniors are generally ineligible for CPP benefits,” said Charles Lammam, director of fiscal studies at the Fraser Institute and co-author of Expanding the Canada Pension Plan Will Not Help Canada’s Most Financially Vulnerable Seniors.