Scammers want your retirement—here’s how to protect yourself + MORE Mar 21st
Stock news for investors: Mixed Q4 results with big profit gains for Enbridge, Nutrien, and Cenovus + MORE Feb 21st
Stock news for investors: Canadian Natural boosts quarterly dividend after massive Q4 profit Mar 7th
Stock news for investors: Goeasy shares plunge nearly 60% after lender suspends dividend + MORE Mar 14th
Here’s a round-up of news for Canadian investors this week.
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Canadians fear a tougher road to retirement—and plan to help their kids along the way
– moneysense.ca
Canadians expect a tougher retirement than their parents
Of all age groups, millennials have the gloomiest outlook, with nearly three quarters (73%) responding that their retirement plans will be harder to fulfill than their parents’. Baby boomers (60%) and Gen Z (61%) were somewhat more optimistic, with Gen X (67%) right at the national average.
Survey respondents weren’t just worried about their own retirements—77% said providing for retirement would be harder for future generations. In fact, almost half (49%) expect to help their children out financially. They feel that support is necessary, even though 83% of those benefactors-to-be anticipate that it will come at the expense of their own standard of living in retirement…
