Canadian Boomers May Have Easy Retirement

MONTREAL, May 1 (UPI) — Baby boomers say they are retiring healthy, are financially secure and want to travel, at least in Canada, a Montreal researchers says.

Jacques Legare, a demographer at the Universite de Montreal, says baby boomers — born from 1946 to 1966 — have few children and don’t plan on counting on their children to look after them in their old age.


“They’ve been independent their entire lives. They won’t stop being self-reliant when they get old and sick,” Legare says in a statement.

“They are usually well educated and have great financial means — they benefited from generous pensions and have contributed to Registered Retirement Savings Plans for decades. They plan on taking advantage of that and they will.”

Traditionally, when someone elderly gets sick their spouse or a child cares for them, but baby boomers may rethink caregiving and live together in larger houses where they share the cost and services of a private nurse, Legare forecasted.

Copyright 2010 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI’s prior written consent.


Categorized | Other
Leave a Reply

You must be logged in to post a comment.

Advertisement