In Budget 2012, the Canadian federal government formally announced the changes it planned for the Old Age Security (OAS) pension. The major change will be raising the eligibility age for the OAS and related Guaranteed Income Supplement (GIS) from 65 to 67, beginning April 1, 2023. The change in the age of eligibility will be phased in gradually from 2023 to 2029. The changes will not affect you if you are currently receiving OAS benefits.
The report said the percentage of Americans living below the poverty line last year, 15.1 percent, was the highest level since 1993. (The poverty line in 2010 for a family of four was $22,314.).
The proportion of the population below national poverty line measures poverty by the level of income/consumption available to an individual. A person is considered poor if his or her consumption or income level falls below some minimum level necessary to meet basic needs.NDICATOR (a) Name: Proportion of population living below national poverty line, also known as national poverty rate. (b) Brief Definition: The national poverty rate is the proportion of the population living below the national poverty line.