‘Colour-coded’ retirement security- Study finds ec

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‘Colour-coded’ retirement security: Study finds economic marginalization and inequity follow people into old age - Today News Post News Today || Canada News |

Indigenous and racialized seniors have much lower retirement incomes and higher poverty rates than their white counterparts, which a new study says reflects how economic marginalization and inequity follows people into their old ageAlex Boyd is a Calgary-based reporter fo.

Overall, white Canadian seniors enjoy the most retirement security with an average yearly income at $42,800, way above the $32Monday 5:30 a.m.,200 for their peers in the Indigenous communities and $29,200 for visible minorities over the age of 65The Gurdwara Dukh Nivaran Sahib, in Surrey, B.C., on Friday, May 14, 2021..

Based on 2016 census data, the report by the Canadian Centre for Policy Alternatives found 13.7 per cent of white seniors lived in poverty compared to 21.5 per cent among Indigenous seniors and 19.8 per cent among racialized seniorsin his view, according to the Low Income Measure After Tax or LIM-AT.

Hence, it’s not surprising that seniors from marginalized groups have to count on public pensions and benefits to make up for lagging retirement incomes, says the study, titled “Colour-coded RetirementThe provision of more doses o,” released Wednesday.

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