Research & Writing
Visit this theme park for research, writing, reviews and announcements from contributors to Change Rangers. We will scout four territories to round up feature content that will encourage you to add your voice to the conversation.
December 30, 2005
Retirement by Numbers: A Case for Career Longevity
How numbers tell a story! Every week this year the news about “retirement” trends also produces new statistics based on some survey or another. The recent Ipsos Reid survey from November 2005 for the Royal Bank of Canada (RBC), reveals that Canadians are retiring on average at the age of 58. Not only that, but about 33% of those declaring retirement are arriving at that point in debt.
In a survey done by Compas Inc. called a “Study of Investment Attitudes &Intensions for 2002” the numbers suggest that paid work will account for 11% of expected retirement income. This is further supported by the numbers in the Ipsos Reid/ RBC survey, where it is expected that 20% of so-called “retired" Canadians plan to supplement income through paid work.
Naturally these surveys quote other numbers, but what this does make a case for is - that constructing a later life plan to include paid work will be important to one’s career longevity. And if that average age is 58 and you are healthy enough to live another 30 or more years, how will your numbers tell your story, and how will your story fulfill you beyond the numbers?
Posted by markv at December 30, 2005 07:02 PM