October 25, 2021 — Financial Post - Posthaste

Baby boomers are increasingly worried about their finances heading into retirement

“Canadians retiring today are likely going to face longer and more expensive retirements than their parents,” Dr. Bonnie-Jeanne MacDonald, NIA Director of Financial Security Research, said in a news release.

Meanwhile, the pandemic helped shed light on where Canadians want to live as they age. After seeing daily headlines about COVID-19’s impact on long-term care homes, 70 per cent of people aged 65 or older now say they’ve changed their minds about wanting to live in a retirement or nursing home.