The main impact is what I call "economic isolation". There's a short chapter on this in the document I submitted. People on an income of $21,000 or $22,000 per year, if invited to join people at a restaurant, a theatre or a show, will say that they're busy. They don't have the financial capacity to pay for entertainment. That's what economic isolation is. Not only that, but isolation itself can contribute to dementia and Alzheimer's disease among seniors. When people retire at 65, they have to remain as active as possible and to keep moving during the first years of retirement to delay all dementia-related issues and other symptoms. That's the first impact I noted.
The second is the loss of their home. Seniors sell their house before they sell their car. That's one of the major repercussions. When people in Canada who have been earning let's say $50,000 or more, and suddenly, at the age of 64 years and 11 months they find themselves below the poverty line, with an income of $21,000, $22,000 or $23,000 a year, it's a disaster. The seniors will keep their house for a few years, then sell it and move into an apartment.
It amounts to a real crisis owing to the phenomenal rise in the cost of renting. People leave their home to rent a one and a half or two and a half room apartment. There are all kinds of horrible experiences like that at the moment, and we've been seeing them.