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BMO Survey: Canadians' Retirement Outlook Forecasts 'Golden Years' Losing Their Shine
Canadians are bracing for a more challenging retirement according to the latest BMO Retirement Survey. The findings reveal increasing concern among Canadians regarding the future of retirement, not only for themselves, but also for future generations. Despite these concerns, many Canadians are committed to supporting their children financially - even if it means sacrificing their own retirement security.
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[{"type":"list","items":[{"val":[{"type":"text","content":"Two thirds (67%) believe saving for retirement is harder for them than it was for their parents. ","length":96,"tagName":"p"}]},{"val":[{"type":"text","content":"77% worry saving for retirement will be harder for the next generation","length":70,"tagName":"p"}]},{"val":[{"type":"text","content":"Nearly half (49%) plan to help their adult children financially, even though most say it will negatively affect their retirement plans","length":134,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":300,"olType":false},{"type":"text","content":"TORONTO, Feb. 2, 2026 /CNW/ - Canadians are bracing for a more challenging retirement according to the latest BMO Retirement Survey. The findings reveal increasing concern among Canadians regarding the future of retirement, not only for themselves, but also for future generations. Despite these concerns, many Canadians are committed to supporting their children financially - even if it means sacrificing their own retirement security.","length":447,"tagName":"p"},{"type":"text","content":"The Retirement Gap: Canadians Say Their Parents Had It Easier","length":61,"tagName":"p"},{"type":"text","content":"Saving for retirement has always been a challenge, but Canadians believe it's getting harder. According to the survey, roughly two thirds (67%) say it will be more difficult for them to save and invest for retirement than it was for their parents. Millennials (73%) are the most likely to believe retirement planning will be more difficult than it was for their parents followed by Gen X (67%), Gen Z (61%) and Boomers (60%).","length":429,"tagName":"p"},{"type":"text","content":"Anxiety About Future Generations' Retirement Prospects","length":58,"tagName":"p"},{"type":"text","content":"Canadians are also increasingly concerned about the retirement outlook for future generations. 77% believe retirement will be harder for the generation after them with Boomers (82%) feeling the most concerned about the retirement prospects of future generations followed by Millennials (78%), Gen X (75%) and Gen Z (67%).","length":321,"tagName":"p"},{"type":"text","content":""With uncertainty around the cost of living and what retirement will look like in the future, it's natural for Canadians to feel anxious about whether they're saving enough,&quo...