Retiree’s Clever Money-Saving Tips: How Part-Time Work and Cashing in Cans Help Grandchildren’s Future

2023-10-20 04:00:00

A young retiree from the federal public service, who returned to work 15 hours a week in a store near her home to help her pay for groceries and electricity, keeps the money from the family’s empty cans for her grandchildren.

“Let’s say that part-time work helps cover certain things,” shares Journal Nicole Lévesque, 69 years old, met last Monday in Beloeil.

“It allows you to pay for excess groceries and electricity. All the bills are higher,” breathes the one who retired four years ago.

She says she likes to work if only to put her shoulder to the wheel in the midst of a labor shortage.

By 2040, more than 28% of the population will be aged 65 and over. However, if people are tighter, they will spend less. The economy will slow down and governments will have to take over, explained to Journal Yves Carrière, professor of demography at the University of Montreal.

“A growing number of Quebecers are making a gradual transition from the job market to retirement. It is imperative to dissociate the age of retirement, progressive or not, from the age at which public benefits begin,” analyzed Frédérick Hallé-Rochon and Luc Godbout in a study by the Research Chair in Taxation and in public finance from the University of Sherbrooke, published last month.

“We don’t go to restaurants, rarely”

In the meantime, Quebecers must make arrangements to arrive. At JournalNicole Lévesque doesn’t beat around the bush: “We don’t go to restaurants, rarely,” says the one who has worked part-time for two years.

While retirees from the federal public service and current employees are still chasing their paychecks due to the disaster of the Phoenix system, Nicole is spared from this mess, unlike the thousands of others, who are still going through an ordeal.

When The newspaper met her, Nicole was bringing empty cans from the family back to the supermarket in a huge bag to give a boost to the new generation. “We collect the cans and the money goes into the two grandchildren’s bank,” she concludes.

At the beginning of the month, The newspaper reported that even the 20-cent can will soon be worth only 10.

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