Two recent and widely quoted studies strongly suggest that no major policy changes are needed to better ensure Canadians have adequate retirement income in future. But are they right? Not according to Michael Wolfson, a Canada Research Chair and former assistant chief statistician at Statistics Canada.
His CCPA-Ontario report, What, Me Worry? Income Risks for Retiring Canadians, is a must-read for policy makers and for all Canadians attempting to understand the vital role public policy should play in securing Canadians' retirement future. It also includes a sharp critique of Statistics Canada's decision to stop funding the LifePaths database that is ideal for predicting pension needs in future. Click here to read the Globe and Mail story about it.