One-third of Canadian seniors who rent or pay a mortgage are struggling to pay their bills
One-third of Canadian seniors who rent or pay a mortgage are struggling to pay their bills
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Seniors are being forced out of their homes due to rent increases. They’re having trouble finding new, affordable accommodations. And the rent for senior housing can be more than a pension pays.
Our recent survey shows that these aren’t isolated incidents. Many Canadian seniors who rent or pay a mortgage are having trouble making ends meet.
In September 2021, we worked with the Angus Reid Forum to survey over 4,000 people. We asked people from all across Canada between the ages of 65 and 85 about their recent financial experiences — whether they had trouble paying for bills, necessities and whether their debt had increased.
And our results were consistent and disturbing.
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