Canadians Aim Higher for Retirement Savings
Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Canadians are setting their sights higher for retirement savings, with the average target now at $1.7 million, a significant increase from last year. However, confidence in reaching these goals is waning, with 36% of people believing they wont hit their targets. Savings habits vary, with 28% saving less than 5% of their income and only 21% saving more than 10%. The concept of full retirement is also evolving, with 14% of the population having no plans to stop working, rising to 27% among baby boomers.
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