Canadian Investors Plan to Retire on Time
New study indicates that 73% of Canadian investors have not changed the age at which they plan to retire.
| Category | Retirement |
| Details | According to a recent Scotiabank study assessing Canadian investors' attitudes toward investing, 73 per cent of Canadian investors surveyed say the age at which they plan to retire has not changed despite the uncertain economic and market conditions of the past two years. However, among the 22 per cent of Canadian investors who are pushing back their retirement date due to the economy, well over half (56 per cent) are those closer to retirement age (45-64). The average Canadian investor plans to retire at the age of 61 with half (49 per cent) saying they plan to retire before the age of 65, up from 43 per cent in 2008. Also, the number of Canadian investors who say they do not plan to fully retire has reduced by half (five per cent in 2009 vs. 10 per cent in 2008). |
| Author | Bank of Nova Scotia |
| Publication Date | February 11, 2010 |
| Source | micro.newswire.ca |
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