Tag: equities
Introduction Canada, like the United States, has developed a retirement income system that relies on both public and employer-sponsored plans to provide a reasonable level of old-age income. Canada’s public programs largely focus on assuring a basic old-age income and provide quite modest benefits to higher-income workers. Canada’s employer plans provide significant topups for middle-…
Abstract Among the elderly, Social Security income is distributed very differently than private pension and asset income. For the bottom quintile of the income distribution, 81 percent of income comes from Social Security, while only 6 percent is from pensions plus income from assets. For the top quintile, 23 percent comes from Social Security, w…
