Canadians Not Saving Enough For Retirement

Canadians Not Saving Enough For Retirement

OTTAWA -- The majority of Canadians may be confident that they have enough money to retire comfortably, but a new study suggests that many need to sharply increase their annual savings or continue working past age 65 to avoid financial hardship. According to a study by the Canadian Institute of Actuaries released Thursday, only one in three Canadians expecting to retire in 2030 is saving at levels required to meet basic household expenses in retirement.