Older Canadians planning to push back retirement due to inflation: survey
“What really stood out for us this year and what was concerning is the older age group, and the fact that they’re just not as prepared for retirement as one would hope they would be,” said Zanardo.
“At a period in their life when they should be getting excited about retirement, because of inflation and raising interest rates they’re now considering whether they can retire when they had planned on and whether they should be pushing that day out.” Abacus Data CEO David Coletto said in the press release that in the five years of conducting this survey, around 70 per cent of respondents have consistently agreed that Canada is heading for a retirement crisis.“These findings for older Canadians suggest a crisis might be looming ever closer if current economic trends continue,” Coletto said.
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