Old age is monetized and pressure is placed on older adults to strategically outsmart future financial markets to ensure a personal portfolio protection against poverty in their final years. Women remain at highest risk of poverty since statistics show that women do not save for their retirement. The subtext of this Financial Post article on “Your Money” is one of individual responsibility to strategically manage money factoring in the potential economical situation from twenty to sixty years in the future. Given that the financial experts themselves were unable to foresee the financial meltdown even months in advance or to respond to it effectively even months afterwards this is just another callous empty article providing adult children of the elderly and social agencies with another excuse to blame impoverished elderly for their own demise.

As the extremes of wealth and poverty intensify, insurance companies, banks and financial institutions entangle webs of potentially lucrative and increasingly complex refinanced, repackaged and unregulated debt, credit and insurance schemes that reap huge dividends for a handful while stripping the most vulnerable of everything including their homes, their incomes, adequate health care provided in a respectful dignified environment and finally a place to die  with dignity in a truly respectful care giving environment.

Webliography and Bibliography

Allentuck, Andrew. 2020-01-20. “Living longer — will poverty stalk the very elderly?Financial Post.

long term care insurance, retirement strategies, retirement, life expectancy, boomers, health, at-risk, belonging, moral topography, humiliation, dignity, at risk populations, Social Justice, social exclusion, vulnerability to social exclusion, moral mathematics, poverty, extremes wealth poverty, policy research, @twitter,

As workaholic baby boomers retire it will take three “saner” young employees to do the work of one boomer. This generation of older workers trapped for three decades in the spoiled-employer-centred captive workforce have been under the very real threat of job loss through restructuring and cutbacks, watching helplessly as shell-shocked co-workers were escorted by security to the door with a cardboard box holding personal belongings, years of experience and institutional memory in their hands. The if-you-don’t-like-it-you-can-leave management style is being answered back by a younger generation with a demographic advantage who are unwilling to be bullied into unhealthy habits of long hours and stressful unrealistic expectations, unperturbed by threats of layoffs and more knowledgeable about boundaries concerning their rights and responsibilities as employees. See Hickman (2008 ).

“If ‘spoiled employers’ don’t wake up to the new reality, they will lose their most valuable assets — employees, a prominent workplace expert warns. Susan Hickman reports. Ontario employers trail western provinces in adapting to a generational shift that is transforming the labour market, warns a leading workplace researcher. And if the private sector “doesn’t get it,” it will find itself replaced by new companies that respect the changing wants and attitudes of young employees, says professor Linda Duxbury of Carleton University’s Sprott School of Business. Young newcomers to the workforce don’t put their priority on money or “getting ahead.” If they’re not happy with their work, they’ll quit and many will conveniently move back in with their parents (Hickman 2008 ).”

Linda Duxbury, Sprott School of Business, Carleton University, Ottawa, ON

Hickman, Susan. 2008. “‘Times are a-changing’ for bosses.” The Ottawa Citizen. January 19. http://www.canada.com/ottawacitizen/news/business/story.html?id=77755a94-b399-4762-ba00-69522ab96ce7

Flynn-Burhoe, Maureen. 2008. Google Docs. http://docs.google.com/Doc?id=ddp3qxmz_503g42r34ch

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