After the First World War there were a growing number of fatherless families within Canada which left the family unit vulnerable. The federal government established a variety of charities to aid Canadian soldiers overseas and to provide relief to soldiers’ families. Gradually, income security was introduced to Canada. “McGilly (as cited in Chappell, 2006) stated ...
... middle of paper ...
...percentage points for those 35-54. This statistic can be interpreted as such; men and women are aware of the importance of retirement savings plan, but even with full-time jobs and the rising cost in the economic and meeting basic family needs they are unable to put aside money for old age. In contrast to the disadvantaged seniors who were on disability benefits, social welfare, and etcetera, what portion of saving could they possible put aside for retirement from the little they received.
Chappell, R. (2006). Social Welfare in Canada.3rd E.d. Canada: Ontario
Rappaport, A. M. (2007). Improving the Financial Status of Elderly Women: Issues in Savings, Pension Plans and Social Security. Benefits Quarterly, 23(1), 34-45.
Reno, V. P. (2006). The role of pensions in retirement income: Trends and questions. Social Security Bulletin, 56(1), 29.
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