More than half of Canadians say current economic conditions have impacted retirement plans: Survey
BNN Bloomberg
More than half of Canadians said their plans for retirement have been impacted by the current economic backdrop, according to the Scotia Global Asset Management Investor Sentiment survey.
“These results indicate that investors have current concerns about meeting their retirement goals; however, regular meetings with financial advisors and having a written financial plan diminish those concerns,” Neal Kerr, the head of Scotia Global Asset Management, said in a press release.
The survey also said 59 per cent of respondents had negative feelings regarding their investments, which marked a 33 per cent increase from a previous survey conducted in the fall of 2021.
The findings aligned with a recent Scotiabank poll, which found that Canadians are worrying more about their personal finances when compared to the previous year.
