Canadians’ dream of retirement property unrealistic

Everyone has dreams of how they will spend their retirement but a new survey suggests fewer of us will be able to turn them into reality. TD asked Canadian millennials about their plans for retirement and their saving habits to achieve those goals. It found that 57 per cent want to retire by the time they are 60 but that 70 per cent realistically expect to working well into their 60s and maybe even 70s. Millennials are more likely to have a dream to buy a vacation home in their retirement years than the general population (25 per cent vs. 13 per cent.) However the mortgage lender’s poll found that millennials are less likely than older Canadians to be saving for their retirement (52 per cent vs. 69 per cent of 35-50 year olds).
 

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