Mr. Speaker, seniors have different needs.
They are more likely to outlive their savings, have disabilities, be unable to work, and be widowed, all while their health care costs are rising. Among seniors aged 75 and over, half have a disability, and half of those have severe disabilities. Fifty-seven percent are women, four in 10 are widowed, and 59% have incomes below $30,000.
Our plan will help address these pressures by keeping our promise to increase old age security for Canadians aged 75 and up and to increase it by 10% in July 2022.