In 2014, a group of non-retired Canadians were asked about their financial expectations for retirement. New data from the fifth wave (2020) of the Longitudinal and International Study of Adults (LISA) reveals how this same group of Canadians—now retired—is doing financially. In 2014, just over two-thirds (67.5%) of these people expected their retirement income to be adequate or more than adequate to comfortably maintain their standard of living. Now retired in 2020, 81.6% found that their retirement income was sufficient to comfortably cover their living expenses.
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