September 2008

Nearly 30% of near-retirees anticipate inadequate retirement income

Nearly 30 percent of Canadians nearing retirement are less than confident their retirement savings will suffice to maintain their standard of living, according to data from Statistics Canada.

Toronto (10 September 2008) – The data released yesterday found that 19 percent of respondents aged 45 to 59 are expecting their retirement income will be "barely adequate." Another nine per cent expect it to be "inadequate" or "very inadequate."