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  7. Millions of Canadians headed for 'trouble' in retirement: CIBC report

Millions of Canadians headed for 'trouble' in retirement: CIBC report

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03 Jun 2015 15:54 #258202 by chairman
Millions of Canadians who are dreaming of spending their retirement soaking up the sun in an exotic getaway might have to rein in their expectations, a new CIBC study warns.

The report, issued this week by deputy chief economist Benjamin Tal, says about 5.8 million working-age Canadians can expect to see a 20 per cent drop in their living standards after they retire.

Responding to a debate sparked by Finance Minister Joe Oliver's announcement last week that the government would consider expanding voluntary Canadian Pension Plan contributions, Tal said that change to the current system is "essential."
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
cricketwindies.com/forum/

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03 Jun 2015 18:42 #258227 by ketchim
They living large !

Household debt is at all time high ! 

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  • mapoui
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03 Jun 2015 20:35 #258231 by mapoui
it is the continuing and developing robbery of the peoples money to pay the derivatives scam that is what it is.....nothing else but that.

it is all about keeping dead banks and banksters afloat

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