Yes, of course.
Yes, such a program could make up for the lack of income, especially for the most vulnerable. About 33% of people currently live on the guaranteed income supplement, or GIS. At some point, they need supplemental income. Recently, my organization did a survey of its members. We found that among our 25,000 members, there were 4,500 caregivers. Do you see the connection?
That means that in our community, almost one in five people support another senior as a caregiver. There are costs associated with that, so they definitely need some supplemental income. Even though inflation is not very high, there is still a 1% to 2% loss in purchasing power from year to year. Unfortunately, the indexed increase in public and even private plans does not make up for this.
So this kind of program could be useful. For that matter, any program that raises the minimum income level for the most vulnerable seniors would be welcome.