My guess would be that for people who are 45 to 50 now and who see and register that this is happening, I don't think it's going to make a hell of a lot of difference in how much they save. They're not saving very much anyway, that we know of. I think that's why they've advocated expansion of the CPP. It takes that element of personal choice out of it, to a degree, and it also, of course, requires the employer to contribute to pensions. I think people will just generally say, well, I guess 65 isn't retirement age for me and I'm probably going to have to work till 70. This is, I think, about changing people's expectations.
I think the problem will come when they turn 65. What then happens to those who aren't able to continue to work, who can't get a decent income from work?