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A recent survey conducted by HOOPP and Abacus Data reveals that a significant majority of unretired Canadians do not expect to reach a financial position allowing for full retirement, with many anticipating the need to work even after retiring. This sentiment is largely attributed to rising living costs, housing affordability issues, and inflation. The article also points to a disconnect between employers' perceptions of retirement support and employees' actual expectations, suggesting that while employers believe they offer sufficient assistance, employees often disagree.

Homeownership emerges as a key factor in retirement preparedness, with homeowners generally more likely to have saved for retirement compared to non-homeowners, who face greater financial strain, particularly renters. Geopolitical events also contribute to financial decisions, prompting some Canadians to increase their savings due to global instability.

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