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The Guaranteed Income Supplement has been instrumental in reducing rates of poverty among the elderly in Canada over the past 35 years.Kevin Van Paassen

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

It's time to scrap the seniors' discount
A new report says seniors aren't poor like they were in the 1960s and 1970s, and that means there's no economic case for municipalities to offer them discounts on bus fares, fitness classes and even property taxes.

The 15 happiest economies
Based on the misery index – influenced by unemployment and inflation – here are the 15 economies that score best. Now for the most miserable countries.

Why people cancel a credit card
Survey results quoted on the CreditCards.com website show the top reason is an increase in interest rates, followed by bad service.

Would you move to cut your housing costs in half?
A blogger writes here about how she and her partner are thinking about moving out of their condo to save money that they can put towards their various financial goals.

More money
Join the 49,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters.

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