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“Canadians now aged 55 years and older will collect Old Age Security when they hit 65. The rest of us will have to work two more years. Those who came of age in the 1960s enjoyed Employment Insurance and Medicare when they were still unfunded liabilities. They cash a Canada Pension cheque that depends upon today’s working men and women. The plan probably won’t exist by the time the rest of us reach whatever age of retirement the government decrees by the time we are old. In the 1970s, parents pulled on the (now discontinued) Family Allowance program. The employed could count on a level of job security that allowed them to take on debt to own houses, cottages and cars. They paid them off and retired to indexed pensions.”
John Moore: It’s the older generation that’s entitled, not students
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