Canadians in their 60s say they may delay their retirement over concerns that inflation will persist into the future, according to an internal poll conducted for the federal government.
“Participants nearing retirement expressed concerns about a number of issues including the cost of living,” said a Privy Council Office report, titled “Continuous Qualitative Data Collection Of Canadians’ Views,” published on Oct. 7, 2022.
“Some described their long term financial outlook as bleak, suggesting they were not overly optimistic it would improve by the time they expected to retire.”
“Resulting from this, several were rethinking their retirement plans with a view to extending their participation in the labour force either full time or part time as a means of enhancing their household income,” said the study, obtained by Blacklock’s Reporter….