Canada, we have a serious problem.
Seniors in their 60s, 70s and even 80s are sleeping in cars because they can no longer afford housing.
๐น 27% of people experiencing homelessness were over 50 in federal counts from 2020 to 2022.
๐น Nearly 39% of senior renters lived in unaffordable housing, according to the 2021 Census.
๐น Average CPP for a new retiree is under $1,000 a month. Add OAS and you're still looking at roughly $1,700.
Imagine working your entire life, paying taxes, contributing to a pension, only to spend retirement sleeping in a parking lot.
What happened to the Canadian dream?