Registered Practical Nurse (RPN) Practice Test

What can increase the risk of poverty for older adults in Canada?

1. Lack of access to healthcare

2. High housing costs

3. Discrimination against women in pension plans

4. Declining job opportunities

The correct answer is: Discrimination against women in pension plans

Discrimination against women in pension plans significantly contributes to the risk of poverty for older adults in Canada. Historically, women have faced systemic barriers in the workforce, resulting in lower wages and fewer opportunities for advancement compared to their male counterparts. This disparity influences their pension contributions, which are often lower due to part-time or lower-paying jobs that women may occupy. Additionally, many women take career breaks for caregiving responsibilities, which can further limit their ability to contribute to retirement savings. Consequently, when women reach older adulthood, they often have less accumulated wealth in the form of pensions, making them more susceptible to poverty. While factors like lack of access to healthcare, high housing costs, and declining job opportunities can also impact older adults’ financial stability, the systemic discrimination within pension plans is a direct and profound factor specifically affecting the long-term economic security of women as they age. Hence, addressing discrimination in pension plans is crucial in mitigating the risk of poverty among older adults, particularly for women.