SOC334H5 Lecture Notes - Lecture 8: General Social Survey, Canada Pension Plan, Old Age Security
Document Summary
3:10 pm: 6 short answer/long answer, not cumulative, poverty rate changing in ontario, welfare system in canada. Introduction: poverty rate has decreased tremendously for seniors in canada, absolute poverty: satisfy basic needs for seniors. In canada, not about basic necessities, rather income spent on basic necessities. Low income: low income cut-offs, 20% more of family income spent on food, shelter, clothing than the average family. Net worth of different age groups: rising for seniors, networth is much higher. Historical developments in canada"s pension system: 1927, the old age pension act, 1951, old age security act and old age assistance act replaced pension act in. 27: by 1970s: two types of programs in place, income security program, income-maintenance program, canada pension plan accounts for 47% of older canadians" retirement incomes. Work and retirement: lack of support to employ older people, mention they want to stay mentally and physically active.
