Baby Boomers plan to work longer for better retirements

CBC_News_logo Most Canadian baby boomers surveyed in a new poll say they would work longer to live better throughout their post-work years rather than opt to retire earlier.
The CIBC survey finds that 57 per cent of Canadians aged 50 to 59 say they would prefer to work longer into their retirement years in order to uphold their current lifestyles.

However, the poll also suggests that 24 per cent of Canadian respondents in their 50s plan to carry debt into retirement.

CIBC says that approach could reduce their retirement cash flows and jeopardize plans to maintain their quality of life.

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