'Retirement crisis' in works amid inflation: survey

1.

When do you plan on retiring?

Within the next 5 years

13%

103 votes

5-10 years

7%

60 votes

11-15 years

6%

53 votes

16-20 years

6%

50 votes

21+ years

6%

52 votes

I am already retired

44%

359 votes

I am unsure if I can ever retire

17%

140 votes

2.

The survey, commissioned by the Healthcare of Ontario Pension Plan (HOOPP) and Abacus Data, was conducted from April 21 to 27 surveying 1,716 Canadian adults and published on Thursday. It found that 55 per cent of respondents expressed concern about having enough money to survive in retirement. Are you concerned about having enough money to survive in retirement?

Yes

53%

437 votes

No

19%

156 votes

Undecided

16%

132 votes

Not Applicable

11%

92 votes

3.

Another recent Angus Reid survey found that 62 per cent of those aged 55 or older have delayed retirement because they don't have enough savings or investments and that 63 per cent of older Canadians are worried about never being able to retire. Have you done either?

Delayed retirement due to not having enough savings

20%

162 votes

Worried about never being able to retire

26%

209 votes

Not Applicable

59%

483 votes