For those who do expect to retire, the average age they will exit the workforce will be 60.6 years old From alicjawithaj
Read full articleA Yahoo/Maru Public Opinion survey found that 28 per cent of Canadians who are currently working say they do not expect to be able to retire.
Those earning less than $50,000 are the most pessimistic about the possibility of retiring, with 39 per cent saying they expect never to retire. The survey found that 27 per cent of those making between $50,000 and $100,000 expect not to retire, while 16 per cent of those making over $100,000 expect they will not retire.
"But it's also fair to say that with the cost of living and interest rates both having soared, personal debt at now dizzying heights, and declining savings—particularly from the end of 2022 to now—the dream of a nest egg for the future may be getting even further out of reach than previously imagined for a significant group of Canadians."
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