Canadians will delay retirement to help the kids

A survey by BMO Wealth Management has revealed that Canadians will forego an earlier retirement in order to help their children with their finances including mortgage downpayments.  Half of those with children aged 18 to 24 said they would delay retirement, 22 per cent would take on extra debt to help their children and a third would be willing to have lower savings for their retirement if they could prevent their children struggling in the current economy.
 

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