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.).
Families at Risk. According to the American Community Survey, 12.4 percent of all families in North Carolina lived at or below poverty level for at least a year between 2008 and 2012. Families with children are at a much higher risk of poverty. For families with children under 18, the poverty rate was 19.8 percent.