Two-thirds of Canadians are questioning how much retirement savings they will need

Apr 27, 2022

LifeWorks, a leading provider of digital and in-person total wellbeing solutions, today released its quarterly Financial Wellbeing Index™. The report showed that 23 per cent of Canadians do not know and 44 per cent are unsure about how much retirement savings they will need to maintain their desired standard of living. Furthermore, 29 per cent of Canadians believe their employer pension plan will be the primary source of their retirement income, and 15 per cent expect their primary source of retirement income to come from government plan(s).

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