Seventeen per cent of Canadian workers expect they’ll always have to work. This compares to the global figure of 12 per cent, according to The Future of Retirement: Life after Work, a large HSBC survey of people in Canada, Australia, France, Hong Kong, India and Mexico, among other countries. Canada rated just above the U.K. (19 per cent) and the U.S. (18 per cent). The problem is that many of the media are blaming the Boomers for their inability to save and for their self indulgences that put them in this position. The facts are a bit different than the main stream media (who are too lazy to do any research into this area) report. Here is some ideas that challenges the idea that Boomers have only themselves to blame for not being prepared for retirement and points out some of the forgotten truths we faced as we moved through lives journey.:
Cynics blame Boomers for their excesses, their self-absorption and failure to plan wisely for the inevitable consequences of aging. As accusers lambaste, this country has too many over leveraged people in middle age, racking up credit card debt and at the threshold of insolvency, a massive retirement planning malfunction.