Twothirds of millennials are afraid of running out of money in retirement, CPPIB survey says
News Source : Financial Post
News Summary
- A tough job and housing environment for younger Canadians may be sidelining their planning for senior years.
- About 66 per cent of respondents aged 28 to 44 (millennials are aged 29 to 44) said they were afraid of running out of money in retirement.
- Average home price gains are outpacing wage growth, making it very difficult for first-time buyers to enter the market.
- More than half (55 per cent) of all non-retirees said they do not have a retirement plan.
Amid a tough job market and troubles affording homeownership, many young Canadians could be skipping on retirement planning despite fears of not having enough in their senior years, according to a ne [+4990 chars]
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