Life and Health Insurance Industry Fact Sheet
- 76 per cent of working Canadians want immediate new options for retirement savings -- 40 per cent want them available immediately, and 36 per cent want access within five years, underscoring the urgency to improve savings options sooner rather than later.
- Half (50 per cent) of working Canadians are concerned that they will not have enough to live comfortably during retirement. Concern runs highest among those in mid- or latter working life (55 per cent among aged 30-44; 61 per cent among aged 45-59)
- 45 per cent of full-time workers would feel more confident in their retirement savings if money was deducted automatically from their pay; appeal increases among those with household incomes of $60,000 - $79,000 (48 per cent preference rate), and $ 80,000 - $99,000 (52 per cent preference.)
* Research information: A national telephone survey of 2001 working Canadians by Environics Research Group collected between March 4-10, 2010. A total sample of this size produces results considered accurate to within +/- 2.2. percentage points, 19 times out of 20.
Date Last Modified - March 31, 2010
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