Majority of retirees feel good about financial health

Advisor.ca, Bryan Borzykowski

For years, the general consensus around retirement has been that people haven’t saved enough money, don’t have enough to live on and are scared about their golden years. Well, a new survey by Russell Investments and Harris/Decima says retirees are doing just fine.

The survey, which was released Tuesday, says 88% of retirees consider their financial health to be good, very good or excellent. “Conventional wisdom says there would be all these challenges, but when you look around into your own families, you don’t see the struggles that you think are going to happen,” says Irshaad Ahmad, Russell’s president and managing director. “When you do some research, you find a remarkable difference than what people are expecting – in a really positive way.”

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