this post was submitted on 24 Apr 2024
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Young Canadians think retiring at 65 is an outdated concept (financialpost.com)
submitted 7 months ago by [email protected] to c/[email protected]
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Canadians’ views on retirement are shifting dramatically, with the idea of retiring at age 65 being one of the early casualties. Read more.

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[–] [email protected] 26 points 7 months ago (1 children)

My favourite part of this is that the financial post is clearly trying to make this sound like "...so they'll retire later."

But then:

The survey said 41 per cent of 25-to-44-year-olds say they are motivated to retire well before age 55.

The respondents said this is so they can can chase bigger ambitions related to small business, consulting, not-for-profit work, passion projects or creative pursuits. The ambitions reflect a growing desire to “work to live” — rather than “live to work,” especially when it is for someone else.

Only 19 per cent of 25-to-44-year-olds hope to grow their family, while 41 per cent of them are still saving to purchase a home.

[–] [email protected] 5 points 7 months ago

But then:

The survey said 41 per cent of 25-to-44-year-olds say they are motivated to retire well before age 55.

Desire to and ability to are very different things.