Actuarial Science 1021A/B Study Guide - Final Guide: Dementia, Manulife, Metastasis
4 Apr 2015
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Article 1: oecd warns poverty among seniors rising in. The comprehensive study on global pensions by the organization for economic co-operation and development showed that canadians over 65 years of age are relatively well off when compared with most others in the 34-country group of advanced economies. For example, the average poverty rate for the group in canada was 7. 2 per cent during the study period, among the 10 lowest in the oecd and better than the 12. 8 per cent average. But the report also points to gaps in the canadian situation. For instance, as poverty rates were falling in many oecd countries between 2007 and 2010, in canada they rose about two percentage points. As well, the report notes that public (government) transfers to seniors in canada account for less than 39 per cent of the gross income of canadian seniors, compared with the.
