What exactly is the point of the article?  Yes, many seniors who had good jobs and pensions and planned well and were spared any huge setbacks are fine.  
Others, who perhaps had businesses that failed after many years, sending their savings out the window along with any property they may have owned are not fine at all.  Or those who struggled along on more meagre jobs and pay -- they're not fine.
If you are living on OAS and supplements, it's extremely difficult.  Even if you have CPP you're in difficulty.  Anything the govt touches gets snapped out of your grasp if you dare make a few bucks. If your spouse dies, that income is swooshed away.  Meanwhile there's food and rent and hydro to pay.  I don't know how many people are in a financial bind, but I do know one person. Guess who?