Yes, some people are seriously considering the possibility of postponing their retirement because they anticipate a significant drop in their income.
We have to remember that unlike what we might reasonably think, a majority of seniors cannot be considered to be well-to-do.
For example, wages are said to be very good in Quebec's public service. However, after people in who have paid into the Quebec government employees' pension plan leave the public service, they receive an average pension of about $25,000. Now, $25,000 per year is not a fortune that lets people make ends meet when we are seeing high inflation rates and it is becoming increasingly difficult to find adequate housing.
So this is a really important aspect.