Canada’s population is rapidly aging, which means a growing number of seniors across the country are managing household finances in an evolving and often uncertain economic climate. In this context, many are choosing to remain in – or return to – the paid labour market to manage their financial responsibilities, while others focus on other income sources to meet their needs.
As seniors and their families adapt their financial management strategies and their aspirations in response to this ever-changing environment, they in turn are reshaping workplaces, retirement and the economy at large.
To explore the relationship between seniors and family finances, we’ve created a fact sheet that gathers statistics from a variety of sources about seniors and their economic well-being, including data about employment, income, retirement and debt among this age group.
This resource will continue to be updated as new research and data emerges (previous versions will be continually available on our fact sheets page).