Accession #: rp221114


Publication Date:
October 05, 2021
Research paper: Challenges Faced by Canadian Women in the Alone Stage of Retirement
Other Details:
34 pages.
Doug Andrews, FCIA, and Lori Curtis
We define the “alone stage of retirement” (ASR) and present statistics regarding those living in Canada in the ASR. Among those living in the ASR, there are more women than men, and on average women tend to be poorer than men. We analyze the effect and cost of improving the Guaranteed Income Supplement in two different ways. We discuss existing international options to age in place. We raise concerns regarding current long-term care practices to effect improvements that will require additional funding, and make recommendations on how additional financing might be found.