Canadians will not retire

More than half of Canadians expect to be working into their retirement according to a survey by HSBC.

The survey shows that 45 percent of Canadians plan to semi-retire, while 15 percent don’t expect to ever stop working. This compares with the 17 percent of those who are currently retired after first semi-retiring.

Retire

Of those that plan to semi-retire, it was largely because they wanted to keep working and not because they couldn’t afford to quit.

Other interesting findings of the survey include that 27 percent of Canadians plan to spend all their money before they die, and only 11 percent intend to support their children.