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Canadians nearing retirement will need to make "significant" lifestyle cuts: report

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As some Canadians begin their preparations for retirement, they may be facing added difficulties to ensure they can live comfortably, even after they leave their job.

A new report from Deloitte Canada found about 55 per cent of Canadians between the ages of 55 and 64 will have to make "significant" changes to their lifestyles to avoid outliving their financial savings.

As Sean Previl reports, while there's often discussion about a certain number needed to retire comfortably, there's more than just savings behind a happy retirement.

For more info, please go to https://globalnews.ca/news/10121645/retirement-ready-inflation-lifestyle-cuts/
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Category
U.S. & Canada
Tags
global news, retirement, canada
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