Home Generation X

Keyword: Generation X

21 results found
Copyright_Olga Yastremska_123RF

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 […]

Copyright_Olga Yastremska_123RF

Language and communication can impact the retirement decisions of defined contribution plan members, according to a new survey by Invesco Ltd. The survey found 60 per cent of all respondents — as well as 50 per cent of millennials and 59 per cent of gen-Xers — would rather achieve retirement “income” than retirement “savings.” Nearly […]

  • By: Staff
  • May 14, 2021 May 14, 2021
  • 09:10

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 […]

Copyright_Sergey Tinyakov _123RF

Young Canadians are increasingly planning their financial futures as the world faces down the second the year of the coronavirus pandemic, according to a new survey by Sun Life Financial Inc. It found that 89 per cent of generation Z (ages 18 to 23) and 80 per cent of millennials (ages 24 to 39) are […]

  • By: Staff
  • March 16, 2021 March 15, 2021
  • 09:00
25% of Canadians cutting back savings, RSPs amid pandemic

Since the World Health Organization declared a global pandemic almost 11 months ago, the resulting economic uncertainty as the coronavirus crisis drags on has resulted in some employees finding it increasingly difficult to save for the future, according to a recent survey. The survey by Ipsos for Toronto Dominion Bank revealed one quarter (25 per […]

  • By: Staff
  • January 28, 2021 April 14, 2021
  • 09:00
Retirement age rising for millennials, gen X and boomers: report

Freedom 55? It’s looking more like Freedom 70 for some Canadians, but there are strategies that working baby boomers, generation Xers and millennials can employ now to lower their retirement age, according to a new annual report by Mercer. The report found millennials often opt to invest conservatively in low-risk, short-term investments such as money market […]

  • By: Staff
  • February 25, 2020 November 30, 2020
  • 09:15
Majority of millennial workers in DC pension plans: report

As millennials enter their prime working years many are actively saving for their retirements, according to a new report by Wells Fargo Institutional Retirement and Trust. The report, which looked at four million eligible participants in about 1,900 defined contribution pension plans, found 61 per cent of millennial workers (age 27 to 39) were participating in a DC plan. In […]

  • By: Staff
  • February 21, 2020 November 30, 2020
  • 08:45
Gen Z, millennials expect employers to help them upskill: survey

Younger generations are more likely to expect their employers to provide training and development programs, according to a new survey by getAbstract. Almost all (93 per cent) survey respondents across generational cohorts said it was at least somewhat important for employers to provide these opportunities. But 84 per cent of generation Z employees and 74 […]

  • By: Staff
  • January 15, 2020 November 12, 2020
  • 15:00
Niagara Casinos gambles with innovative pension communications

In November 2018, Niagara Casinos set up a pop-up coffee shop, called NC Café, across its three locations for a week. It was part of the company’s annual pension communications strategy, which also includes messaging on the employee intranet, seminars, targeted mailings and plan updates on fee reductions, contribution increases or investment fund changes. “This […]

Millennials understand role of fixed income better than baby boomers: survey

Millennials appear to understand how to use fixed income as part of investing for retirement better than older generations, according to a new survey by BNY Mellon Investment Management. The survey, which polled more than 2,000 American adults about the appropriate time to add fixed income to an investment portfolio, found 45 per cent of baby […]

  • By: Staff
  • November 21, 2019 November 12, 2020
  • 09:00