Thursday, February 23, 2012

pension anxiety

http://www.theglobeandmail.com/news/politics/ottawa-aims-oas-reform-message-at-the-young/article2344842/

Respondents still ranked job creation as their No. 1 concern. However, only 32 per cent gave that answer, compared to 38 per cent in 2010. Tax relief is now the priority of 22 per cent of Canadians surveyed – up from 16 per cent – and strengthening pensions has become the top concern of 18 per cent of respondents – up from 13 per cent.

In 2010, only 13.9 per cent of Canadians surveyed aged 50-59 listed strengthening pensions as their No. 1 priority. Now 25.8 per cent of that age group lists it at No. 1, and a further 20.1 per cent list it as their second priority...

Most Canadians qualify for OAS, and the average monthly payment is $508.35.

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D - Harper has ensured Boomers won't face cuts.
That GenXYZ will pay less in only because GenXYZ will get less out.
But we'll still be footing the bill for Boomers.

I worry the Boomer reaction - via CARP - will be to double up their efforts for a last-minute smash 'n grab on pension payouts.
Be warned. Be prepared...

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