Quote:
Originally Posted by chemgear
Speaking of which, these came out today. Always rather skeptical of polls/surveys but the second point seems rather nuts.
http://business.financialpost.com/20...irement-years/
The poll, conducted from Nov. 29 to Dec. 6 by Ipsos Reid among 3017 Canadians 30 to 65, found just 27% expect to be fully retired at 66. That’s down from 51% in 2008 — a big drop for just five years.
Incredibly, the HSBC survey suggests that 47% of Canadians age 55-64 have never saved at all for retirement. |
The only reason I would be skeptical is if I didn't work in this industry. There is an astounding number of baby boomers (in particular) who haven't put away near enough to retire. The plan is always the same: "I'll take it out of my house. We'll downsize, etc. etc."
That's exactly why above I say people should just set something, anything up sooner rather than later so that you can avoid being one of those people who hope to retire with $15k in the bank.