Retirees panic ahead of federal election, as support programs remain in free fall [Video]

With a federal election days away, Canadian retirees are concerned about who will help them manage an uncertain financial future.

A recent survey by Angus Reid, conducted on behalf of Bloom Finance, found that, as the election timeline narrows, those in Canada who have aged out of the workforce are growing increasingly anxious about the future of retirement care in Canada.

Specifically, due to socio-economic symptoms that continue to hinder relief programs, such as the cost-of-living crisis, tariffs, and lagging programs like Old Age Security (OAS) and the Guaranteed Income Supplement (GIS).

According to the survey’s findings, 64 per cent of Canadian retirees have little to no confidence in their retirement, citing an overall retirement readiness gap that has been widening exponentially.

For Ben McCabe, CEO of Bloom Finance, this phenomenon, while dire, is not one that came out of nowhere, as the foundation of retirement care in Canada has …