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One-third of Canadians have no savings plan


Business | 206923 hits | Jul 13 10:44 am | Posted by: Robair
7 Comment

Nearly one-third of Canadians do not have a savings plan in place even though almost everybody would like to have a financial safety net. That's according to a survey done for one of the country's largest banks.

Comments

  1. by avatar Robair
    Tue Jul 13, 2010 6:59 pm
    Oh yea, economic model for the world.
    That's us alright.

  2. by avatar mentalfloss
    Tue Jul 13, 2010 7:23 pm
    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.

  3. by avatar bootlegga
    Tue Jul 13, 2010 7:24 pm
    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.

  4. by avatar martin14
    Tue Jul 13, 2010 7:24 pm
    "mentalfloss" said
    Also, people could be wealthy enough not to really need any savings plan.



    ROTFL ROTFL ROTFL ROTFL



    ya, ok.....

  5. by avatar mentalfloss
    Tue Jul 13, 2010 7:27 pm
    "martin14" said
    Also, people could be wealthy enough not to really need any savings plan.



    ROTFL ROTFL ROTFL ROTFL



    ya, ok.....

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

  6. by avatar 2Cdo
    Tue Jul 13, 2010 7:28 pm
    "mentalfloss" said
    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.

  7. by avatar Freakinoldguy
    Tue Jul 13, 2010 9:06 pm
    I hate to disagree with the survey but they're wrong. Almost every Canadian I know has a retirement savings plan................ the Lottery.



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