Posthaste: Many Canadians’ retirement saving expectations aren’t matching reality (opens original article in a new tab)

Many Canadians' expectations about retirement savings do not align with reality, as working Canadians overestimate the role of personal savings while retirees depend more on government pensions.

• 25% of working Canadians expect savings to be their main retirement income, but only 15% of retirees agree.
• Retired Canadians with pensions earn an average of $85,735 annually, compared to $52,570 for those without.
• 58% of retirees rely on CPP and OAS for income, while many working Canadians lack workplace pensions and save little.