consumerism

Tuesday June 15, 2010

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator - Tuesday June 15, 2010 Planning for the Future For the past two years, the federal government and provincial finance ministers have been looking at what to do to help Canadians better prepare for retirement. When the bottom fell out of the stock market in the financial crisis that swept the world in 2008, company pensions and registered retirement savings plans were hit hard. It was feared that some pension plans would not be able to meet their obligations to current and future retirees Ñ and that some retirees would have no pension at all if the companies they worked for went bankrupt. People who had to rely on RRSP savings faced the prospect of having to work several years longer than planned to make up for their losses. While markets have recovered much of what they gave up and many plans that were at risk are solvent again, Canadians are still worried about what their retirements will look like. An Ipsos Reid poll commissioned for the Canadian Institute of Actuaries suggests 42 per cent of Canadians over the age of 45 feel they are not financially prepared to live comfortably after they leave the workforce. Seventy-two per cent said they were concerned about maintaining a reasonable standard of living in retirement. A similar poll done by Ipsos Reid in November 2006 for BMO Financial Group suggested that 70 per cent of Canadians don't feel they're on track with their retirement savings Ñ or don't know if they're on track.Ê(Source: CBC News)Êhttp://www.cbc.ca/news/business/what-s-being-discussed-1.955300 Canada, retirement, CPP, RRSP, consumerism, consumers, planning, savings, advice, Best Buy, electronics

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday June 15, 2010

Planning for the Future

For the past two years, the federal government and provincial finance ministers have been looking at what to do to help Canadians better prepare for retirement.

When the bottom fell out of the stock market in the financial crisis that swept the world in 2008, company pensions and registered retirement savings plans were hit hard. It was feared that some pension plans would not be able to meet their obligations to current and future retirees — and that some retirees would have no pension at all if the companies they worked for went bankrupt.

People who had to rely on RRSP savings faced the prospect of having to work several years longer than planned to make up for their losses.

While markets have recovered much of what they gave up and many plans that were at risk are solvent again, Canadians are still worried about what their retirements will look like.

An Ipsos Reid poll commissioned for the Canadian Institute of Actuaries suggests 42 per cent of Canadians over the age of 45 feel they are not financially prepared to live comfortably after they leave the workforce.

Seventy-two per cent said they were concerned about maintaining a reasonable standard of living in retirement.

A similar poll done by Ipsos Reid in November 2006 for BMO Financial Group suggested that 70 per cent of Canadians don’t feel they’re on track with their retirement savings — or don’t know if they’re on track. (Source: CBC News)

 

Tuesday December 18, 2001

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday December 18, 2001

Open hearts, wallets make merrier season

Poverty: Cry was never louder The huge, free Christmas dinner served to some 3,200 people by the Hamilton’s Good Shepherd Centres is a wonderful event that affirms the values of our community and of the holiday season. 

But the dinner has almost nothing to do with feeding the poor. As greatly as the meal is appreciated and enjoyed, as much hard work and volunteer effort that goes into it, a bellyful of turkey on Sunday afternoon does little to ease the pangs of hunger mid-week when the cupboards are empty. 

A Christmas dinner such as this is less about the food and more about the meal shared with others. It has more in common with a church’s potluck meal than with shelters and food banks. A communal meal is about feeding the soul, not the stomach. 

Poverty isolates its victims, cutting them off from the so-called mainstream. A Christmas dinner such as this is, for many people in need, a rare time to feel part of a larger community. The weariness of living hand to mouth is assuaged, we can only hope, by sharing a meal with others who also share similar circumstances. 

Humans are social animals, and there is little that brings us into more intimate contact with others than breaking bread with them. For the most marginalized in our society — the homeless, the runaways, the mentally ill — a shared meal may be a bright spot in the bleakness of winter on the streets. (Hamilton Spectator)