[Newsbot]

Title: One-third of Canadians have no savings plan
Category: Business
Posted By: Robair
Date: 2010-07-13 10:44:15
Canadian

[Robair]

Oh yea, economic model for the world.
That's us alright.

[mentalfloss]

Well, 'savings plan' could mean a number of different things and that's not really flushed out in the article. Also, people could be wealthy enough not to really need any savings plan.

I have to scrape as much as possible, but my wife barely even thinks about what she has in the bank.

[bootlegga]

Yep, that's pretty sad, but then it's not much of a surprise is it? Every few months there's a news article that many families only have enough to last a pay cheque or two and then they start missing payments on their houses/credit cards/etc.

[martin14]

mentalfloss mentalfloss:

Also, people could be wealthy enough not to really need any savings plan.

ya, ok.....

[mentalfloss]

martin14 martin14:

mentalfloss mentalfloss:

Also, people could be wealthy enough not to really need any savings plan.

ya, ok.....

Hey, I'm not saying you are wealthy enough not to need one.

[2Cdo]

mentalfloss mentalfloss:

Also, people could be wealthy enough not to really need any savings plan.

I try to scrape as much as possible, but my wife barely even thinks about what she has in the bank.

While I am not rich by any stretch, I have no debt whatsoever. No vehicle loans, mortgage and the credit card is paid off whenever it is used.(Mainly for trips)

That, combined with my military pension and Veterans Affair pension could sustain me in the lifestyle I presently live, including the travel.

[Freakinoldguy]

I hate to disagree with the survey but they're wrong. Almost every Canadian I know has a retirement savings plan................ the Lottery.