Canadians are worried about running out of money in retirement
Working Canadians are two-and-a-half times more likely than retired Canadians to believe they will outlive their retirement savings
36% of workers believe they will outlive their retirement savings
14% of retirees believe they will outlive their retirement savings
Today’s workers expect to work longer
Workers’ average expected age at retirement: 64
Retirees’ actual age at retirement: 61
Canadians who have a financial advisor are more likely to be confident about their financial future
With an advisor
93% confident about covering basic living expenses
84% confident about covering medical expenses
No advisor
75% confident about covering basic living expenses
65% confident about covering medical expenses
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Source: 2015 Sun Life Financial Canadian Unretirement Index based on the findings of an Ipsos Reid poll survey conducted of 3,000 working Canadians from 30 to 65 years of age and 400 retired Canadians between December 5 and 22, 2014.
© Sun Life Assurance of Canada 2015.
