NIA survey points to progress on healthy aging, but financial stress is growing
More than one-fifth (22%) of Canadians aged 50 and over had less than $5,000 in retirement savings, according to the National Institute on Aging’s (NIA) 2025 survey on aging in Canada.
While that was a slight improvement from 24% in 2024, the proportion of those who can afford to retire at their desired time has dropped to 29% from 35% in 2022.
About a quarter (26%) of those aged 50 and over saved between $5,000 and $99,999 for retirement and another quarter (24%) saved between $100,000 and $500,000, according to the survey. Only 7% had more than $1,000,000 saved.
Read Perspectives on Growing Older in Canada: The 2025 NIA Ageing in Canada Survey.