What advisors, firms can do to arrest declining retirement confidence
Canadians’ retirement confidence is in decline. That’s one of many key takeaways from the 2025 annual report from the National Institute on Ageing (NIA). Between 2024’s survey and 2025 the number of Canadians who feel confident in their retirement dropped sharply, from 62 per cent to 57 per cent. That’s coupled with a decline in the number of Canadians who can afford to retire when they want, down to 29 per cent. The survey found that 22 per cent of Canadians over 50 have less than $5,000 saved for retirement. A further 26 per cent have less than $100,000 saved. Only 15 per cent of Canadians have more than $500,000 saved for retirement, and given the trend of greater longevity and retirements that could last 40 years or more, those numbers don’t inspire confidence.
