In Canada, it is estimated that 6 percent of people over the age of 65 fall below the low income cut off (LICO). An additional 19% of older adults live just above the LICO, meaning they cannot access some of the income benefits available from the federal and provincial governments. These numbers are expected to increase in the coming years as ‘baby boomers’ (those born between 1946-1965) approach the retirement age. In Guelph and Wellington County approximately 7.4% of seniors are living below the LICO.
This local research profile examines some of the local issues that older adults living in low income deal with in our community, including housing, transportation, social participation and social inclusion. The report is available here: Older Adults Living in Low Income