Poll: most fifty-somethings plan to work in retirement to offset low savings

TORONTO – A new survey of Canadians in their 50s found that 53 per cent of those polled said they plan to continue working after retiring in their early 60s.

The online survey of 805 people across Canada was conducted for CIBC by Leger Marketing from July 5 to 8.

Surveys of this type have a margin of error of 3.45 per cent on a national basis and breakdowns by region or other subgroups are less accurate.

Leger found Quebec residents were least likely to say they’ll work after retirement, at 47 per cent.

Manitoba and Saskatchewan residents were the most likely to say they planned to work after retirement, at 59 per cent.

Atlantic Canada (54 per cent), Ontario (55 per cent), Alberta (57 per cent) and British Columbia (49 per cent) were closer to the national average.