September 2005
Vol. 6, no. 9

While spending on prescription drugs still constitutes less than 1% of the overall household budget, the average expenditure rose 71% between 1992 and 2002. Lack of universal coverage for prescription drugs could adversely affect seniors on fixed incomes and people with specific medical conditions. Spending is most affected by province of residence.

The likelihood of returning to paid employment after retirement is influenced by various factors. Although most retirees rejoin the workforce for financial reasons, non-financial considerations are also important. Many in the study who worked full time prior to retirement chose to return on a part-time basis—over one-third of the men and more than half of the women.

Fact sheet on minimum wage

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