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Chart 4 Immigrants less likely to understand Canada's public retirement income programs
This is a vertical bar chart that illustrates the percentage of near-retirees who seek information by date of immigration to Canada.
The X axis is divided into four sections each containing a set of 4 bars, for a total of 16 bars. On the X axis from left to right, the four sections are typically receive financial advice from any source, typically receive financial advice from financial industry, understand public retirement income programs somewhat or very well, and gathered retirement information in past 5 years. There is a note stating that the section gathered retirement information in past 5 years only includes persons who stated a planned age of retirement. Each section has 4 bars, the first bar in each section representing near-retirees who are Canadian-born, the second bar in each section representing those who immigrated before 1975, the third bar in each section representing those who immigrated between 1975 and 1989, and the fourth bar in each section representing near-retirees who immigrated since 1990.
The percentage of Canadian-born near-retirees who typically receive financial advice from any source is 73.
The percentage of near-retirees who immigrated before 1975 who typically receive financial advice from any source is 72.
The percentage of near-retirees who immigrated between 1975 and 1989 who typically receive financial advice from any source is 64.
The percentage of near-retirees who immigrated since 1990 who typically receive financial advice from any source is 50.
The percentage of Canadian-born near-retirees who typically receive financial advice from the financial industry is 53.
The percentage of near-retirees who immigrated before 1975 who typically receive financial advice from the financial industry is 47.
The percentage of near-retirees who immigrated between 1975 and 1989 who typically receive financial advice from the financial industry is 37.
The percentage of near-retirees who immigrated since 1990 who typically receive financial advice from the financial industry is 27.
The percentage of Canadian-born near-retirees who understand public retirement income programs somewhat or very well is 77.
The percentage of near-retirees who immigrated before 1975 who understand public retirement income programs somewhat or very well is 75.
The percentage of near-retirees who immigrated between 1975 and 1989 who understand public retirement income programs somewhat or very well is 67.
The percentage of near-retirees who immigrated since 1990 who understand public retirement income programs somewhat or very well is 54.
The percentage of Canadian-born near-retirees who gathered retirement information in past 5 years is 47.
The percentage of near-retirees who immigrated before 1975 who gathered retirement information in past 5 years is 44.
The percentage of near-retirees who immigrated between 1975 and 1989 who gathered retirement information in past 5 years is 34.
The percentage of near-retirees who immigrated since 1990 who gathered retirement information in past 5 years is 26.
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