KINE 3350 Lecture Notes - Lecture 6: Baby Boomers, Ageism, Language Barrier

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Housing: many own their own homes but property tax increases and high housing market. Leaks, and old hardwire = denial of insurances or extremely expensive. Evict seniors since they pay less. Tenant protecdon act but many unaware. Suburbs don"t have many apartments. Subsidized apartments in toronto has a long waidng dme. Have money for rent but not food. In adon rate on foods: many elderly on food banks. Un tries to look amer them: majority are women. Elderly w an average income. Can"t a ord nancial problems: many could have had a bever life. 1990s: stock market increased, invested in stock market, stock market crashed and lost their redrement money. Preserved their incomes and redrement. Trillionaires: donate their money to charides. Freedom 55: inherit large sums of money from parents. Luxury of redring at 55. Freedom 75: not going to inherit much money: must keep working to pay o debts before redring. 3: muleple jeopardy theory.

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