Think that you’ll be working past age 65? OSC @smarter_money 2018 survey says >25% were forced to retire, 59% retired voluntarily.
… results of a new investor survey by the Ontario Securities Commission suggest that working longer isn’t viable for many people.
> The survey of 2,000 people posed a series of questions to pre-retirees and people who have already retired. [….]
In the OSC survey, 55 per cent of pre-retirees said it’s very or somewhat likely they will continue working in their retirement years, and only 13 per cent said it was very unlikely. [….]
> But how feasible is it? Retirees in the OSC survey suggest this option won’t be open to all who seek it. Just more than one-quarter of them were forced to retire, possibly for medical reasons, corporate restructuring or reaching a mandatory retirement age. Fifty-seven per cent said they retired voluntarily, while the rest said they reached retirement age and felt it was time to stop working (3 per cent didn’t reply). [….]Rob Carrick | Nov. 12, 2018 | Globe & Mail
Among retirees in the survey, 25 per cent said their standard of living was much or somewhat better than before retirement. Another 49 per cent said it was unchanged, while 23 per cent said it was somewhat or much worse (2 per cent said they didn’t know).
“Pre-retirees, here’s what people already retired can tell you about your future standard of living” | Rob Carrick | Nov. 12, 2018 | Globe & Mail at https://www.theglobeandmail.com/investing/personal-finance/article-pre-retirees-heres-what-people-already-retired-can-tell-you-about/
National Investor Research Study | Ontario Securities Commission | Nov. 28, 2018 at https://www.osc.gov.on.ca/en/Investors_office-investor_index.htm