You've worked hard all your life and you've finally made it to retirement. Looking forward to the long-awaited freedom and peace, you soon come to realize that situations have changed and you've fallen short by a mile. Drastic changes need to be made to maintain your lifestyle. This is the hard reality many seniors are facing in Canada today.
With only approximately 30% of Canadians having a pension, many cannot maintain their standard of living and worry that they will run out of money into their old age. When the COO of the Canadian Association of Retired Persons is 'fearful' for the financial future of seniors, it's time to start paying attention!
Even seniors who weren't vulnerable pre-pandemic, have fallen behind. Transportation, utilities, groceries are just a few things that have become less accessible, leaving seniors to cut back and start looking for part-time work, which can be a challenge for the older demographic even in normal times.
We hope this infographic provides some insight into the general financial health of aging seniors in Canada. Assessing your current situation and pre-planning can be the difference between having to ask your family for help and living that peaceful retirement life you worked so hard to achieve.
Downsizing into a smaller home can be all that's needed to set yourself up for future financial security. Alivio Solution offers home downsizing services and senior moving services to ease the stress of your transition. Our proven system is not only eco-friendly but guarantees to bring you the most returns on your unwanted items possible. We are the most cost-effective and sustainable option for downsizing. For a seamless and comprehensive downsize contact us for a free consult.
WRITTEN BY ALIVIO SOLUTION | MARCH 25 2022