Ontarians paying for basic needs over retirement savings: poll

A new poll found that most people in Ontario are more concerned about paying for necessities amid higher living costs than saving for retirement.

The Financial Services Regulatory Authority of Ontario (FSRA) released the results of its poll Wednesday.

It found that 81 per cent of respondents were more concerned about paying for things like groceries, rent, or mortgages instead of saving for retirement. 

Forty-four per cent of respondents said higher living costs were making it more difficult for them to save for their retirement.