Posted AT 7:49 AM EST on 21/11/08
Financial Facelift: Helped by parents, but disability erodes income
In Toronto, a woman we'll call Sally, 55, lives in a $500,000 house, has a rental property, yet has almost no earned income. Her standard of living is being maintained by a lump-sum insurance settlement for a claim based on a long-term illness that impaired her ability to work and by subsidies from her affluent parents.
Until a few years ago, Sally had gross income of as much as $100,000 a year.
The full text of this article has 904 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
