Seniors did not save enough

I am fed up with this fg#@king bullshit. It is nothing but rhetoric from a group of right wing f#@k ups who were born with a silver spoon up their ass and are living off the dole from the very people that they insult and abuse... the taxpayer.

And we are expected to take advice and criticism from the financial institutes, those very same people who caused the financial crisis and then used our tax dollars to bail themselves out and make billions off the misery they created.

Employment is reaching a critical point for the youth of Canada as more and more seniors are returning to the workforce so they may pay the bills. Cost of food, fuel, heat, housing and medical needs that are not covered by the Provinces are a major cause of this decline in the quality of life for retirees.

It is all well and good that the Harper government blames today's senior for not saving enough, there may be some truth to that, however the present economic downfall has put many families in distress. Parents are assisting their children by digging into their retirement fund while others are refinancing their homes to assist the kids.

This era is far more alarming than the crash of the 90's. We already have youth unemployment at record levels and with seniors returning to work this will only exasperate the situation.

As the government cuts services and departments so they can create a surplus and lower taxes to corporate Canada we can anticipate even more desperate times.

About 30 per cent of retired Canadians returned to work to pay bills: ING

TORONTO - Nearly a third of retired Canadians, or 30 per cent, have returned to work and a major reason is that they misjudged how much their expected life of ease would cost.

 

Two new online surveys from ING Direct found that the divide between how much people saved, and how much they actually needed, was too wide to handle without a paycheque.

About 48 per cent of respondents in one survey who had returned to work cited financial concerns as the reason they took another job. And, of these, 31 per cent had returned to work full time.

Another online survey found that 33 per cent of respondents who went back to work said they hadn't saved enough money for retirement, while 31 per cent said they faced higher living costs than expected.

The surveys portray a notable disconnect between Canadians' expectations of life after the workforce and the reality of the cost.

ING Direct said that respondents wished they had found more ways to save for retirement, that they had started saving earlier and hadn't "spent money so mindlessly."

http://ca.finance.yahoo.com/news/30-retired-canadians-returned-pay-bills-says-ing-184231552.html

Survey's are designed to obtain a desired response and do not address the full scenario. It is fine for those who have not saved enough to be self-sufficient to say "I wish I had saved more" however that comment does not address the full story.

If we had spent less and saved more then the economy would have been affected and the country would not have prospered in the manner in which it did. So in reality it is the government who failed us during those times of prosperity by not investing our tax dollars effectively.

If we had saved more the only one to prosper would be the financial institutes, and they are the ones who reap the tax benefits doled out by a conservative government, not the working class.

Every time the economy hits the wall our bank book takes a hit and the government, as well as so called economists, are constantly criticizing the consumer and industry for not spending......

Really? Well excuse us for being financially prudent and trying to survive.... it is not up to the worker to buy the governments way out of poor economic times..... you can't have it both ways ..... it is either save more or spend more WTF is it Steve?

This Harper government has proven that making massive cuts during a bad economy only exasperates the countries problems and creates havoc in employment.