More Canadians fear having to work past 65
Posted December 14, 2010 10:20 am.
This article is more than 5 years old.
An increasing number of Canadians fear they will be forced to work beyond 65.
That’s according to a new Harris Decima study which found about 40 per cent of Canucks aged 25-34 said having to work longer was their number one retirement concern – up 12 per cent from 2006.
Middle aged Canadians were also most likely to cite that as their biggest concern. Similar worries also increased in the States, where nearly a quarter of Americans feel the same, compared to 15 per cent four years ago.
Susan Eng of CARP, a national advocacy group representing Canadians 50 and over, said the concerns are well-founded because people believe they are not saving enough and that is creating a real insecurity about their retirements.