Keyword: Baby Boomers

37 results found

While the majority (79 per cent) of U.S. employees remain confident they’ll be able to retire when and how they want, a quarter are less confident than they were before the coronavirus pandemic, according to a new survey by Fidelity Investments Inc. The survey, which polled 2,600 workers, also found 71 per cent said they’re […]

  • By: Staff
  • March 23, 2022 March 22, 2022
  • 09:00

An ounce of prevention is worth a pound of cure — and nowhere is that more true than when it comes to workplace mental-health supports, said Colleen Adams, manager of health and digital product solutions at Medavie Blue Cross, during a session at Benefits Canada’s 2021 Mental Health Summit. Even before the pandemic, the cost […]

With 10 million Canadian baby boomers entering retirement, dynamic pension pools could help seniors turn their accumulated savings into low-cost lifetime pension income, according to a new report by Ryerson University’s National Institute on Ageing and the Global Risk Institute. According to the report, dynamic pension pools can help Canadians optimize their expected lifetime retirement […]

  • By: Staff
  • November 16, 2021 November 15, 2021
  • 09:00

The coronavirus pandemic is changing what perks millennial managers consider “must haves,” according to a new survey by MetLife Inc. It found millennial managers (ages 26 to 40) are significantly more likely to describe pet insurance (up 58 per cent), legal services (up 50 per cent) and financial planning tools (up 40 per cent) as “must […]

  • By: Staff
  • September 24, 2021 September 24, 2021
  • 15:00
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Income inequality in the U.S. is contributing to the growth of financial insecurity in retirement, exacerbated by a shift from pensions to individual 401(k) savings accounts, according to a new report by the U.S. National Institute On Retirement Security. It found in 2019, white households across three generations — baby boomers, generation X and millennials […]

  • By: Staff
  • September 8, 2021 September 7, 2021
  • 09:00
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Nearly two-thirds (61 per cent) of Canadian employees said they prefer a hybrid or remote working arrangement, according to a new survey by Accenture. It found 37 per cent of Canadian respondents said they feel they can be productive and healthy primarily while working remotely, while another 41 per cent said they can be productive […]

  • By: Staff
  • July 21, 2021 July 21, 2021
  • 09:00

Millennials and generation X are more worried about retirement than older generations in the wake of the coronavirus pandemic, according to a new survey of U.S. workers by the National Institute on Retirement Security. Some 64 per cent of millennials (ages 25 to 43) and 54 per cent of gen-Xers (ages 44 to 55) are […]

  • By: Staff
  • July 20, 2021 July 19, 2021
  • 15:00

Employees choosing to retire or quit could rise in the second half of 2021 alongside the coronavirus pandemic receding, according to a report by the Royal Bank of Canada. The number of retirements in Canada fell about 20 per cent last year compared with the 12 months that ended February 2020, says Andrew Agopsowicz, a […]

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Canadian employees’ remote working experiences vary across different generations, according to a new survey by Angus Reid on behalf of ADP Inc. It found while 44 per cent of respondents said they work longer compared to pre-coronavirus pandemic times, 48 per cent of millennials and just 31 per cent of generation Z are clocking extra […]

While 65 has long been considered the traditional retirement age, younger employees face the possibility of working longer. Plan sponsors can learn much from the unique financial journeys taken by different generations toward their eventual golden years. A 2019 Scotiabank investment poll revealed that 68 per cent of Canadians are currently saving for retirement, but […]