Paying Off Credit Cards Highest Priority
Canadians are not taking the necessary steps to achieve financial peace of mind in retirement, says a survey from ING DIRECT. It found more than half of Canadians (58 per cent) don't feel financially prepared for retirement and only a third (33 per cent) actually have a plan in place to meet their retirement goals. For 31 per cent of survey respondents, retirement is not even on their radar when thinking about personal finances. That number jumps to 39 per cent for those aged 25 to 34 and 56 per cent for younger Canadians aged 18 to 24. Currently, a top financial priority for most Canadians is to pay off credit card debt or lines of credit with saving for retirement at the bottom of the priority list.
Courtesy of Benefits and Pensions Monitor website News Alerts
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