Mr. Speaker, I would like to thank the member for his speech, but I would like to correct his misimpression. There is no retirement crisis.
Morneau Shepell, a co-author with the finance minister, said that Canadians are not facing a retirement crisis, nor is such a crisis likely to arrive. This has been backed up by studies by McKinsey & Company, which say that 83% of Canadians have enough money to keep their current standard of living in retirement. Therefore, it is really about focusing on the 17% of Canadians who do not have adequate retirement savings.
Would the member agree that it is better to target an approach to that 17%, who are typically low-income earners and senior women, to actually help those people who cannot afford to retire?