"People haven't saved enough for retirement."
There's a lot of research talking about Canadians' lack of retirement savings. It looks like people are buying into those messages too.
Unfortunately though, the information appears to be affecting the would-be retiree's psyche, with troubling results: Half believe they'll exhaust their retirement savings in less than 10 years, but a significant number don't know for sure, and a large number of people won't even consider certain income options.
"This all suggests to me that people are trying to avoid thinking about it," says Investor Education Fund (IEF) president, Tom Hamza.