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How Will You Retire In Canada Amid Squeezed Incomes
Canadian Business outlines rising inequality in the 1980s with middle earners shrinking to 52.8 percent of income while top earners gain to 41.9 percent. It notes Canada’s weak pay raises in 1990 1991 and 7 percent GST inflation risks. It advises prioritizing debt reduction mortgage prepayment and RRSPs with various savings options to secure retirement and avoid poverty at 65.
MENTIONED IN THIS ARTICLE
Statistics Canada
Canada
Hewitt Associates
Treasury
Canada Savings