2014 Canadian Financial Capability Survey - Retirement planning
Author: Statistics Canada
Topic: Asset building and saving, Financial literacy
Publisher: Statistics Canada
Location: Canada
Format: Survey / Survey results
Content Type: Research
Publication Date: November 6, 2014

This is an excerpt of data from the 2014 Canadian Financial Capability Survey, on retirement planning.In 2014, one in three Canadian adults (33.8%) were not preparing financially for retirement either on their own or through an employer pension plan, according to data from the Canadian Financial Capability Survey. Almost 6 in 10 (59.6%) Canadian adults did not know how much money they would need to save to maintain their desired standard of living during retirement.

Additionally, 3 in 10 (29.5%) Canadian adults were "not very confident" or "not at all confident" that their household income at the time of retirement would be enough for them to maintain their desired standard of living.

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