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Canada's Boomers Unrealistic but Optimistic

Baby boomers in Canada may have unrealistic hopes about how much they can save in the few years before they retire but many are still optimistic about their personal financial situation.

By Michelle A. Samaad | Updated on December 12, 2010

Baby boomers in Canada may have unrealistic hopes about how much they can save in the few years before they retire but many are still optimistic about their personal financial situation.

That’s according to a survey conducted by Vision Critical for the $70 billion Central 1 Credit Union. On average, boomers who have not yet retired have $231,000 in assets and expect to retire with $707,000. Older boomers who have already retired have $344,000 in assets.

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