Sizing Up the Retirement Challenge: How Well are Canadians Preparing for
Retirement? - C.D. Howe Institute

TORONTO, Dec. 17 /CNW/ - The proportion of retirees without the financial resources to replace three-quarters of their pre-retirement consumption could rise sharply - from about one in six currently to more than two in five - over the next 40 years, according to a study released today by the C.D. Howe Institute.  In Canada's Looming Retirement Challenge: Will Future Retirees Be Able to Maintain Their Living Standards upon Retirement?, Kevin D. Moore, Senior Researcher at Statistics Canada's Modeling Division, William Robson, President and CEO of the C.D. Howe Institute, and Alexandre Laurin, Associate Director of Research at the Institute, highlight the differing retirement outlooks for Canadians of various age and socio-economic groups, as revealed by LifePaths, a sophisticated simulation tool developed at Statistics Canada.

"A key question in Canada's pensions debate is whether Canadians will be able to maintain their living standards in retirement, and if policy needs to respond to the risk that some will experience painful declines," said Mr. Robson.

For the study go to LINK   http://www.cdhowe.org/pdf/Commentary_317.pdf

For further information:

For more information on the study, contact:

William Robson, President and CEO, C.D. Howe Institute; or
Alexandre Laurin, Associate Director of Research,
C.D. Howe Institute. Phone: [phone]

For more information on the LifePaths model and study methodology, contact:

Kevin D. Moore, Senior Researcher, Statistics Canada
Phone: [phone]