daverobev
CPP - depends on your pension plan. My pension plan was a defined benefit one that assumed you would take CPP when you turned 65. And its amount went down by the amount you would get from CPP when you turned 65, so no new income once CPP was started. And of course OAS is clawed back once one has a decent retirement income (which I am OK with, the fact that I pay taxes means I have a decent enough income that I have to pay taxes).
Your table - I looked at median net worth, and as expected it went up with age. And I hope it would go up with age, or people have no savings for retirement.
I looked at median for senior families and single seniors, and single seniors had less than half the net worth of senior couples (246,000 versus 650,400). Given that on average women live longer than men, and on average for more couples the husband is the older, a lot of those single seniors are elderly women. And when I look at the elderly women I know, a lot of them are still in their family home, which implies a lot of that net worth is house. So an interesting table, but a better breakdown would be nice. Like net worth excluding house. And show seniors broken down by age groups just like the other groups. There will be a lot of difference between someone in their 60s (boomers) versus 70s (war babies) versus 80s versus 90s.
Plus, I would imagine the senior discounts are used a lot more by those who really need them. I don't worry about shopping on the day I get the discount. So Shoppers and Bulk Barn and so on may offer them (on different days, of course), but I rarely use them. Other factors are more important, like doing all my errands in one trip.
Back to the election - any idea when the parties will be done choosing candidates so we can get on with all the political excitement?
