Seniors key to stimulating economy: John Lindsay

Seniors represent an untapped source of potential spending for the city, said John Lindsay, chair of Friendly to Seniors, at the priorities committee of city council. Photo by Bill Bradley.

Seniors represent an untapped source of potential spending for the city, said John Lindsay, chair of Friendly to Seniors, at the priorities committee of city council. Photo by Bill Bradley.

Mar 05, 2009- 4:55 PM

By:

Posted by Sudbury Northern Life Reporter Bill Bradley 

There is an ace in the hole to help cities like Greater Sudbury in troubled economic times - seniors.

Sudbury Video News - Sudbury Seniors are key to stimulating the economy If you want to get consumer spending happening in Greater Sudbury during this economic downturn then you have to convince seniors to spend money, said John Lindsay, in his report to the priorities committee of city council Wednesday night.

The report, entitled Greater Sudbury Challenges of Aging: Report and Recommendations, outlined why the city needs to take the concerns of seniors seriously.

Lindsay, who represents a group called Friendly to Seniors, said that those over 55 years old control 75 per cent of the wealth in Greater Sudbury.

"We talk about young people and young families and their economic impact. They do have to spend money. Older folks do not have to spend as much as younger citizens. But they have more disposible spending," said Lindsay.

"So if we as a community can tap into that wealth, a lot of which is disposable wealth, then this is where the city can definitely benefit."

If you are older, you have a choice what to with your money. You can pass it onto your children, save it for your declining years, or spend some of it now, said Lindsay.

How can the city benefit? According to Lindsay:

-seniors tend to pay cash for big ticket items like cars or big screen televisions, sometimes even homes which benefits retailers and sellers
-those 65 and up have more savings than the much touted baby boomers just now reaching the age of 60
-only 5 per cent of seniors use transit-if they got free transit during off peak hours and the city received grants to support that, the city could benefit financially by keeping those buses running full
-making it easier for seniors to get around the city increases the potential they will spend money in retail outlets or attend cultural events such as the Sudbury Theatre Centre or art shows

A smart community takes advantage of that golden opportunity to encourage seniors to spend some of their accumulated wealth, said Lindsay. What he is asking city council is to respect what seniors have to offer to the community and make it easier for them to reside in the city and contribute to the economy.

Some of his recommendations for the city:
-promote supportive or transitional housing efforts where seniors are encouraged to stay in their homes as long as possible-sometimes help with household maintenance or snow shoveling is all that is required
-when seniors can no longer maintain homes, ensure housing is there for them catering, to their specific needs such as buildings with elevators, balconies and without stairs
-better informing seniors of what is out there in the community by adding sections to the city's Leisure Guide-arts events pages including arts associations and heritage groups, civic services such as councillors' phone numbers, bus schedules and waste management information, tourist attractions and museum information, and leisure services such as outdoor and indoor facilities information

Councillors applauded the recommendations made by the report.

Ward 5 Coun. Ron Dupuis said it was refreshing to hear doable recommendations included in the report.

"When we have recommendations like this then it helps us formulate a plan of action. As the baby boomers age we need to address transit and housing issues," he said.

Ward 1 Coun. Joe Cimino said he was interested in senior housing in his ward.

"If we can support them in their home longer then that saves us all money. After that they can move to more supportive housing that is safe and secure for them," said Cimino.

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18 Comments

  • Freedom of speech. I did not say man about town was curbing free speech, I said he would probably put me down.

  • Lepew , it''s not Man About Town that is curbing free speech, it is the Toronto Star, the Globe and Mail, Northern Life and the Sudbury Star. If they know they will receive true but negative comments, they all cut off the comments.

  • Thank you Zorro. :-) I''ll be 73 in May. My only income is my old age pension. And the CPP split. I don''t get Gains anymore, the provincial gov. sent me a letter saying I made too much money. roflm@o. As for the email scammers, one tried that on me, didn''t work. First letter, they would send me a cheque. I ignored that one and all the others till I had had enough. Sent the poor sick person one email only, told them to RIP, then phoned my internet provider and changed my email address. Door to door sales people have learned not to come to my door, ever. Friends of my son and his wife had a great time putting me down, calling me names and so on. I gave them, and my son a lecture they haven''t forgotten. That I could have them charged with verbal abuse and defamation of character. They said I wouldn''t dare, told them to try me. My other comment to them was someday they''d be old, maybe they would be treated kindly, maybe not. I do not like seeing or hearing people put seniors down because of their age, or anyone who is disabled. As for the city of Sudbury. Would it hurt the winter work crews to plow the sidewalks, salt and sand them so no one slips and falls. I do not like being called an ''old granny'' reason being I have no grandchildren and likely never will. I worked from age 16 to 25, did the M thingy. That lasted till 2000. I am in a legal common law marriage. I could go on but this is enough. Now then, I suppose man about town will give me a lecture about my ''second marriage''. My answer to that is. One paid for merry go round ride was enough.

  • On Friday, March 06, 2009 at 12:02, lepew said: I''m a senior lady. I''d put a comment in here except man about town would more than likely put me down. It would be a frosty Friday in July before his or anyone''s comments would stop me from posting . Let`er howl ,after all it is your money they want!

  • John Lindsay doesn''t have a clue how seniors live and how much disposible cash they have on hand.If they do have some saved up they won''t have it for long with this money grubbing Mayor and Council we have jacking property taxes and water bills up all the time.

  • Cliff ... well said. I am a senior living on a small pension. Other than taxes and water, this city will not get one more penny from me. My investment savings decrease every day with this global recession. I am really getting worried.

  • lepeu, "Go ahead...make my day!" You are a senior and you''ve got full rights to voice your opinion. It''s free!

  • I''m a senior lady. I''d put a comment in here except man about town would more than likely put me down.

  • One things that bugs me is when someone tries to take advantage of seniors. Yes,those scam artists. I don''t know too many wealthy seniors in Sudbury that can afford big items.Most of them experienced hard times such as strikes,layoffs,past recessions and have learnt to save enough money, just to get by. They are just content to live a simple life. Going for walks at the mall..talking with their friends. Like most,their investments were dwindled to peanuts when the stock markets melted. What''s next? Get money from the homeless?

  • Ok..so in other words....con seniors into spending their hard earned savings as much as possible! This is an embarassment of epic proportions. Having the city "benifit" at the expense of our seniors is downright disrespectful. We all know what''s going to happen here...it''s going to be just like the vaccum salesman or telephone solicitor that takes advantage of seniors without any regard to what harm they are causing. They worked hard their entire lives to be where they are..and now the city wants to formulate a "plan of action" to soak the savings out of them(and yes..that IS what''s going to happen..the sales guy will try his damndest to convince them that they NEED to buy these things) Shame on this city and our councilors for approving of this.

  • I''m going to have to agree with John a little on this one. Many seniors that I know only have a small Canada Pension to live off of, and with the cost of apartments and or utilites, water and taxes always on the rise exactly how much disposable income do you expect them to have left?????

  • I don''t think so JR/JL. This senior is getting out of Pottshole just as soon as he can find some sucker to pay even half what the Ontario government assessment manderins think my "mansion" on polluted Long Lake is worth.

  • Jeez John, even the seniors are leaving? We can''t even aspire to be Elliot Lake. Sad times indeed.

  • If you want spending to increase, eliminate spending tax penalties … GST and PST. A windfall increase of 13percent instantly. Both taxes were imposed to replace tax cuts on high incomes. Those who now have the tax savings stored have no need to spend it. So, reverse the situation.

  • Good point Bulshoy. Sudbury''s lack of opportunities made me look for work elsewhere.

  • Hey John. As a senior on a fixed income like many others I am spending my money on higher taxes, water bills,hydro and getting my car repaired because of the potholes. Thats why many seniors leave Craterville if they have the opportunity as they can live cheaper in other places where utilities aren''t as expensive and they can use what they save from repair bills to by other things.

  • Why can''t those receiving social assistance give a payback to those footing the bill. The payback might be shovelling snow and/or cutting the grass for seniors so they may stay in their homes for a longer period of time. They could also do their own snow shovelling/ grass cutting /painting / minor repair work rather than relying on the cash strapped city to do them the honours . With the above paybacks to the community, less tax dollars would be required to maintain the 5000 plus subsidized homes. Seniors would benefit with lower property taxes and with now more disposable income they would be able to spend more in the community to the benefit of everyone.

  • Is Sudbury striving to become just like Elliot Lake? Jeez, why don''t you just round up everyone under 30, pack them into a bus, and drive them out of town? You might as well, since they''re all going to leave anyways.

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