It really does. I'm worried about a lot of things. What elected representatives have been providing for retirees is simply not up to the mark. Nor is the economic mindfulness of our governments.
In 1966, the Canada pension plan and the Quebec pension plan were established. To administer the Canada pension plan, old age security was increased, but it could not be increased by much. Social assistance was therefore introduced in the form of the guaranteed income supplement, which was to be a short-term measure.
We are no longer in 1966. That was a long time ago, and it's still there. Until this problem has been dealt with, some retirees will end up at the poverty line. That's the case for 49% of retirees.