Older Canadians face longer retirements with thinner safety nets
Nearly half of Canadians over 50 say they can’t afford to retire when they want to – and a fifth are living at a poverty‑level standard of living – even as they move into what could be 30–40 years of post‑work life.
According to the National Institute on Ageing’s (NIA) 4th annual Ageing in Canada Survey, only 29 percent of non‑retired respondents aged 50+ say they can afford to retire at their desired time, down from 35 percent in 2022.
At the same time, those who say they cannot afford to retire when they planned have climbed to 43 percent from 37 percent over that period.
