Financial well-being

It is well recognized that income is directly associated with an individual’s health. Furthermore, income is the basis of one’s ability to obtain adequate housing, to access transportation, to buy nutritious food and enough food to maintain health, and to access non-insured health services such as medication. We examine the financial characteristics of older adults using a variety of available measures. Comparisons to younger age groups and by gender will be made when possible.

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Available in alternate formats upon request.

Income levels

  • Shown are income levels from no income to $80,000 and over for select age groups of 45-54 up to age 65 years and over for Manitobans in 2020.

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Select income levels (PowerPoint)

*Median income divides the income distribution in half.                    

Source: Statistics Canada. Table 98-10-0064-01
Total income groups by age and gender: Canada, provinces and territories, census metropolitan areas and census agglomerations with parts.  

  • Identified in this vertical bar chart are income groups of older Manitobans age 65 years and over in 2020.

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Income older Manitobans (PowerPoint)  |  Income older Manitobans (Excel)

*This category includes men (and/or boys), as well as some non-binary persons.
**This category includes women (and/or girls), as well as some non-binary persons.

Source: Statistics Canada. Table 98-10-0064-01
Total income groups by age and gender: Canada, provinces and territories, census metropolitan areas and census agglomerations with parts. 

  • A table shows the percentage of older adults' income levels by household type for a single person or as head of a census family.

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Older adults income level (PowerPoint)

Source: Statistics Canada. 2018. Canadian Community Health Survey, Public Use Microdata File.

  • A vertical bar graph compares the income group of Manitobans age 65 years and over who are living alone.

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Income older Manitobans living alone (PowerPoint)  |  Income older Manitobans living alone (Excel)

Source: Statistics Canada. 2018. Canadian Community Health Survey, Public Use Microdata File.

Low income older adults

  • The proportion of Manitobans 65 years and over living below the after-tax low income cut-off by household type in 2020 is shown in this table.

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Low income cut off (PowerPoint)

E: use with caution                        
C:data quality: good                        
*The low income cut-offs after tax (LICO-AT) are income thresholds below which a family will likely devote a larger share of its after-tax income on the necessities of food, shelter and clothing than the average family. The approach is essentially to estimate an income threshold at which families are expected to spend 20 percentage points more than the average family on food, shelter and clothing, based on the 1992 Family Expenditures Survey. Low income cut-offs are calculated in this manner for seven family sizes and five community sizes.                   

**An economic family refers to a group of two or more persons who live in the same dwelling and are related to each other by blood, marriage, common-law, adoption or a foster relationship.    

Source: Table 11-10-0135-01 Low income statistics by age, sex and economic family type.    

  • Shown in this table is the number of junior and senior participants by quarter of the 55 PLUS Manitoba Income Supplement from 2019-2021.

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Income supplement 55 plus(PowerPoint)

* 55 PLUS is a Manitoba Income Supplement that provides quarterly supplements to low-income persons 55 years of age and over. The 55 PLUS program has two components. The Senior Component is for persons who are eligible to receive certain levels of benefits under the federal Old Age Security programs. The Junior Component is for low-income persons 55 years of age and over who are not eligible for federal Old Age Security benefits. Eligibility for the Senior Component is determined from a person’s application for the federal Guaranteed Income Supplement. An annual application is necessary for the Junior Component.

Government of Manitoba, 2021. Manitoba Families Annual Report 2020-2021. (p. 49) 

Sources of income

  • Outlined in this table are the number of Canadian and Manitoban recipients of the Old Age Security pension and the Guaranteed Income Supplement by gender for 2022..

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Pension supplement (PowerPoint)

Employment and Social Development Canada, November 2016. Old Age Security (OAS) - Number of Persons Receiving OAS Benefits, by Province and by Type. Record ID: 77381606-95c0-411a-a7cd-eba5d038c1c4.   

Employment and Social Development Canada, October 2016. Old Age Security Program (OAS) - Number of OAS recipients by type and gender. Record ID: 6268b894-5ae7-4203-9ded-131fc872313f.

  • A table shows the sources of income: government tranfer payment, investments, wages and salaries, other income, self-employmnet for Manitobans in select age groups of 45-54 up to age 65 years and over for 2021.

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Income source age 45 and over (PowerPoint)

*Government Transfer Payments includes provincial, territorial or municipal social assistance, benefits from Canada Pension Plan (CPP) or Quebec Pension Plan (QPP), Guaranteed Income Supplement (GIS), Old Age Security (OAS), Employment Insurance (EI), Canada workers benefit (CWB) and other income from government sources.

Source: Statistics Canada Table 98-10-0068-01. Income statistics for detailed income sources and taxes by age and gender: Canada, provinces and territories, census metropolitan areas and census agglomerations with parts.

  • For Manitobans in select age groups of 45-54 upwards to 75 years and over, this table shows the major source of recipients household income from government transfer payments, pensions, other income, investment, and paid employment for 2012.

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Major source of income (PowerPoint)

*Government Transfer Payments includes provincial, territorial or municipal social assistance, benefits from Canada Pension Plan (CPP) or Quebec Pension Plan (QPP), Guaranteed Income Supplement (GIS), Old Age Security (OAS) and Employment Insurance (EI)

Note: Due to a small sample size Government Transfer Payments for men do not include Guaranteed Income Supplement (GIS)

Source: Statistics Canada, 2012. General Social Survey - Caregiving and Care Receiving, Public Use Microdata File.

Home ownership

  • Identified in this table is household heads tenure (owned with mortgage, owned without mortgage, rented) by selected age groupings of 40 to 75 years and over in Manitoba for 2017.

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Home ownership (PowerPoint)

Source: Statistics Canada, 2017. Survey of Household Spending, Public Use Microdata File.

  • Shown in this vertical bar chart, the household heads housing tenure among men and women in selected age groupings of 65–74 and 75 and over for 2017.

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Household head housing tenure (PowerPoint)  |  Household head housing tenure (Excel)

Source: Statistics Canada, 2011 National Household Survey, Public Use Microdata File.

Manitoba Government assistance

  • Shown in this table are rent assist recipients from 2018-19 to 2020-2021.

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Rent assistance to 2021 (PowerPoint)

*Rent Assist provides financial help with shelter-related costs for Manitobans living in eligible accommodations. For EIA program participants, this assistance is included as part of the EIA households’ total monthly income assistance.
**Averages for 2018/19 calculated excluding June due to a batching issue.

Source: Government of Manitoba, 2021. Manitoba Families 2020-2021 Annual Report (p. 49).        

  • For the period between 2014-2016, outlined in this table is the number of recipients for the School Tax Assistance for Tenants 55 Plus in Manitoba.

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School tax assistance (PowerPoint)

Source: Government of Manitoba. 2016. Manitoba Housing and Community Development 2015–2016 Annual Report.

  • For the period between 2017-2019, this table shows the number of Social Rent Supplement* program recipients in Manitoba.

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Rent supplement 2017-2019 (PowerPoint)

* The Rent Supplement helps low-income families, older adults, and special needs households obtain affordable, adequate and suitable housing in the private rental sector and in non-profit affordable housing initiatives. The provincial government entered into agreements with private landlords, non-profit and cooperative housing projects to deliver both the Social and Affordable Rent Supplement Programs, so that eligible households are provided a rental benefit based upon their income.    

Source: Government of Manitoba. 2019. Manitoba Families 2018–2019 Annual Report (p. 107).

Spending patterns

  • For older Canadians age 65 years and over, a bar chart outlines their spending patterns on various expenditures for 2019..

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Spending patterns (PowerPoint)  |  Spending patterns (Excel)

*All other includes education, reading materials, tobacco and alcohol, games of chance, personals insurance and pension, gifts and charity, personal care, household furnishings and equipment, clothes and accessories and other miscellaneous expenditures.

Source: Statistics Canada 2021. Table 11-10-0227-01  Household spending by age of reference person.

Housing

  • A Vertical bar chart compares a one person to a multiple person household of Manitobans with 'not affordable' housing costs. Renters in one person households age 30 to 64 year old (13.7 percent), and 32.5 percent of renters age 65 years and up identify housing as non affordable. While in multiple person households, 7.8 percent of owners age 30 to 64 years identified housing costs as not affordable versus 0.9 percent of owners age 65 years and older.

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Not affordable housing (PowerPoint)  |  Not affordable housing (Excel)

Source: Statistics Canada, 2021 Canadian Housing Survey. Public Use Microdata File

Core housing

  • This table shows Manitoba senior households, owners,and renters in core housing needs for 2011.

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Core housing needs (PowerPoint)

*A Household is in Core Housing Need if its housing does not meet one or more of the adequacy, suitability or affordability standards, and it would have to spend 30% or more of its before-tax income to access acceptable local housing. Retrieved from Canada Mortgage and Housing Corporation, 2016.  
Source: Canada Mortgage and Housing Corporation (CMHC), 2011

Source: Data for this table was extracted from the Canada Mortgage and Housing Corporation (CMHC) Beyond 20/20 Web Data Server. Retrieved August 4, 2016 

  • A line graph compares the incident rate of Manitoban senior households, owners, and renters in core housing needs from 1991-2016.

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Incident rate core housing (PowerPoint)  |  Incident rate core housing (Excel)

*A Household is in Core Housing Need if its housing does not meet one or more of the adequacy, suitability or affordability standards, and it would have to spend 30% or more of its before-tax income to access acceptable local housing. 

Source: Canada Mortgage and Housing Corporation (CMHC), 2016

Data for this table was extracted from the Canada Mortgage and Housing Corporation (CMHC) Housing Market Information Portal.

  • Figure 5-7 shows the percentage of Manitoba in core housing needs. More women across all three age groups (30 to 44, 45 to 64, and 65 years and up) experience more core housing needs than men in the same age groups as identified in 2016.

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Core housing needs (PowerPoint) | Core housing needs (Excel)

*A Household is in Core Housing Need if its housing does not meet one or more of the adequacy, suitability or affordability standards, and it would have to spend 30% or more of its before-tax income to access acceptable local housing. Retrieved from Canada Mortgage and Housing Corporation, 2016.  

Source: Canada Mortgage and Housing Corporation (CMHC), 2016

Source: Data for this table was extracted from the Canada Mortgage and Housing Corporation (CMHC) Data Server. Retrieved June 6, 2024

Resources

Government of Manitoba: Financial and legal matters for seniors
A list of resources to assist older Manitobans with their financial matters

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