http://centsability.ca/wp-content/uploads/2016/06/CentsAbility-Logo.png 0 0 morgan http://centsability.ca/wp-content/uploads/2016/06/CentsAbility-Logo.png morgan2012-01-05 21:30:412012-01-05 21:30:41Forget Freedom 55. Not even 65 is likely for most Canadians
New Stats released Jan 5, 2012 – source: TD Age of Retirement report
- Assets: 53% of baby boomers (aged 47 to 64) and 62% of GenXers have less than $100,000 in household assets, not including employer pensions, life insurance policies or home equity. 16% of Canadians report having “no financial assets whatsoever.
- Debt: 44% expect to carry some debt into retirement, including 13% who expect to retire with a “significant amount of debt
- Assets: 51% of adults 25-64 have less than $100,000 in household financial assets, not including employers pensions, life insurance policies or home equity. 13% of Albertans report having no financial assets whatsoever.
Debt: More than one-third (37%) of Albertans expect to have debt when they retire; 15% say it will be a significant amount of debt.