Most Canadians feel behind on retirement saving, new survey shows. Here’s what you can do

Retirement is feeling increasingly out of reach for most Canadians with a year of decades-high inflation behind them and rumblings of a possible recession ahead, according to a new survey from BMO.

Canadians now believe they will need $1.7 million to retire, up 20 per cent from 2020’s figure of $1.4 million, the survey said. Yet fewer than half of those polled (44 per cent) said they’re “confident” they’ll have enough money to retire — a decline of 10 percentage points from 2020.

Read the full article by Craig Lord on Global News - posted Feb 7, 2023