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Nearly all Canadians (96%) Aged Forty-Five and Older Say Aging in Place Enables the Preservation of Independence and Dignity
Nine in ten (94%) agree that Personal Support Workers (PSWs) positively impact the lives of Canadians of all ages
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The AI Revolution: As Many As One in Three (33%) Canadians Already Embracing AI for Financial Management
But Over Two-Thirds (68%) Acknowledge AI Limitations, Perceiving it as Being Incapable of Factoring Human Emotion into the Financial Calculus
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Trails and Outdoor Recreation in BC
A new online poll conducted on behalf of the Outdoor Recreation Council of BC shows that most British Columbians have participated in outdoor recreation in the past 12 months.
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Eight in Ten (83%) Canadians Say Their Weekly Grocery Bill Has Increased in the Last Six Months
Lower-income households see larger increases in their weekly grocery bills than higher-income households.
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Gender Gap Galore: Women Trail Men on Financial Progress, More Likely to Feel Increasingly Concerned About Inflation, the Cost of Living, and Their Overall Financial Situation
Women Also More Likely to Admit that Uncertainty About their Financial Future is Holding Back Financial Progress, Suggesting the Gap Might Persist
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Changing Resolutions: Almost Half (42%) Have Changed Financial New Year’s Resolutions in Response to Cost of Living Concerns
Over Two-Thirds (68%) Have Set Financial Goals for Themselves and Yet Majorities Do Not Have a Financial Plan (69%) and/or Household Budget (60%)
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2023 IG Financial Confidence Index: A Continuation of the Downward Trajectory Started Last Year
Concerns over the direction of the Canadian economy are driving pessimism.
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Millennials and Boomers Shy Away from Retirement Investments
Less than half (46%) of Boomers plan to use guaranteed income retirement products, while a similar proportion (43%) of Millennials are interested in finding out more about them.
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Boomers’ Inheritance Plans Up in the ‘Heir’
Canadian Boomers are expecting to leave about $960,000 to their heirs, but Millennials are only expecting to receive around $309,000.
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Healthcare Costs Eating into Boomers Retirement Budgets
A third (32%) of Boomers cite healthcare costs as the cause for their cost-of-living in retirement being higher than planned.