Canadians Think Retirement is Canceled, Fr Fr ππ¨π¦
Survey finds most Canadians donβt think they will ever be able to retire. Survey says most Canadians are straight up stressed about never being able to retire. No disposable income, geopolitical beef, and rent prices be hitting different. Retirement looking like a myth, fam.
TL:DR
Survey says most Canadians are straight up stressed about never being able to retire. No disposable income, geopolitical beef, and rent prices be hitting different. Retirement looking like a myth, fam.
The Tea
Okay, so, boomer's retirement plans? Kinda dead. A recent survey dropped some serious truth bombs, and it ain't pretty. Like, 59% of Canadians who haven't retired yet are convinced they'll be grinding forever. And 66%? They're already planning to clock in even *after* they "retire." Big yikes.
Why the struggle bus? Apparently, 60% are straight up broke. Zero disposable income. Like, all their bread is going to bills and stuff. And 49%? They haven't even *thought* about saving for retirement in the past year. Some haven't ever saved, that's a mega L. They're blaming rising costs, inflation, and just the general vibe of the economy being sus.
Homeowners are kinda winning, tho. 71% of them have actually saved something, compared to only 36% of renters. But even then, 65% of homeowners with mortgages are stressing about paying them off before their so-called "golden years." Renters? 84% are sweating over rising rent. It's all a mess, fr fr.
And it's not just the economy. 67% are hella worried about U.S.-Canada relations. All the global chaos is making 22% of people save *more*, just in case. Basically, everyone's paranoid. And with good reason.
Bottom line? Retirement is looking like a distant dream for a lot of Canadians. It's giving major anxiety, and honestly, who can blame them?
Abbreviations Glossary
| Abbreviation | Full Form |
|---|---|
| Fr Fr | For real, for real. Seriously. |
| Sus | Suspicious, questionable. |
| Struggle bus | A difficult situation. |
| L | Loss |
| Mega L | Big loss |
| Hitting different | Impactful |