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 Population of Poverty USA. In 2015, 43.1 million people lived in Poverty USA. That means the poverty rate for 2015 was 13.5%. The 2015 poverty rate was 1.0 percentage point higher than in 2007, the year before the 2008 recession. This is the first year in five years that the number of people in poverty has decreased from the previous yearâs poverty estimates. Source: U.S. Census Bureau; Income and Poverty in the United States: 2015.