More and more seniors in Northwestern Ontario are digging deep to make ends meet. Recent studies show that debt levels are on the rise across the country, especially for the elderly. Frank Fabiano is a local trustee in bankruptcy, and says many seniors depend on their old age security or pension plans. At the same time, Fabiano says baby-boomers are also feeling the crunch, as many of those born between 1945 and 1964 say they haven't saved enough for retirement.
Friday, August 30, 2013
Baby Boomers Not Ready For Retirement
More and more seniors in Northwestern Ontario are digging deep to make ends meet. Recent studies show that debt levels are on the rise across the country, especially for the elderly. Frank Fabiano is a local trustee in bankruptcy, and says many seniors depend on their old age security or pension plans. At the same time, Fabiano says baby-boomers are also feeling the crunch, as many of those born between 1945 and 1964 say they haven't saved enough for retirement.