Young Canadians are increasingly planning their financial futures as the world faces down the second the year of the coronavirus pandemic, according to a new survey by Sun Life Financial Inc. It found that 89 per cent of generation Z (ages 18 to 23) and 80 per cent of millennials (ages 24 to 39) are […]
Since the World Health Organization declared a global pandemic almost 11 months ago, the resulting economic uncertainty as the coronavirus crisis drags on has resulted in some employees finding it increasingly difficult to save for the future, according to a recent survey. The survey by Ipsos for Toronto Dominion Bank revealed one quarter (25 per […]
Canadian employees are seeing significant workplace shifts amid the ongoing coronavirus pandemic, according to a new report by payroll and benefits company Humi. It found employees took 40 per cent less vacation time in 2020 compared to 2019. Meanwhile, the number of sick day requests was “drastically higher” in the months leading up to the […]
In considering changes to its retirement savings programs, Rogers Communications Inc. is generally focused on three main internal and external factors: regulatory changes, employee feedback and demographics. “As we see the millennial and gen Z workforce grow quite a bit, we’re really trying to understand what that’s going to do to our plans in terms […]
Despite the coronavirus pandemic’s severe and disproportionate impact on the health of aging adults, older Canadians say they’re coping far better than younger demographics, according to a new study by Edward D. Jones & Co. in partnership with Age Wave, a U.S.-based think tank focused on issues relating to aging populations. The study, which included […]
Even before the coronavirus pandemic, U.S. employers were beefing up their financial well-being offerings and starting to see positive results, according to a new survey by Buck. The survey, which polled more than 150 U.S. organizations, found employees’ financial stress is a top motivator for companies to invest in financial well-being programs. As well, 40 […]
Freedom 55? It’s looking more like Freedom 70 for some Canadians, but there are strategies that working baby boomers, generation Xers and millennials can employ now to lower their retirement age, according to a new annual report by Mercer. The report found millennials often opt to invest conservatively in low-risk, short-term investments such as money market […]
As millennials enter their prime working years many are actively saving for their retirements, according to a new report by Wells Fargo Institutional Retirement and Trust. The report, which looked at four million eligible participants in about 1,900 defined contribution pension plans, found 61 per cent of millennial workers (age 27 to 39) were participating in a DC plan. In […]
While Canadians said they plan to retire, on average, at age 62, 59 per cent said they can’t estimate how much money they’ll need to enjoy a comfortable retirement, according to a new survey by BMO Financial Group. The survey of 1,500 Canadians also found only half of respondents are hopeful they’ll have enough money […]
Private equity firms appear to be having a tough time attracting younger talent to their teams and an even tougher time getting that talent to stick around, according to EY’s 2020 global private equity survey report. More than half (60 per cent) of those surveyed by EY said they experience some difficulty in attracting employees […]