Money on the mind: More than 75 per cent nearing retirement worry about finances

More than three quarters of Canadians nearing or in early retirement are worried about finances at a time when more and more people plan to age at home for as long as possible, according to a new survey.

A recent survey from Ryerson University’s National Institute on Ageing says 77 per cent of Canadians aged 55 to 69 worried about retirement finances.

As the COVID-19 pandemic revealed some shortcomings in the long-term care system, 44 per cent of respondents are planning to age at home, but many don’t fully understand the costs involved.

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