May 8, 2015 – More than one in 10 retirees report they made the decision to semi-retire due to a lack of employment opportunities later in life.
In The Future of Retirement, Choices for Later Life, HSBC Bank Canada
revealed the findings from a survey of 16,000 working aged and retired
people in 15 countries around the world, including 1,000 Canadians.
survey found Canadian retirees are among the most likely to feel forced
into semi-retirement – a status almost half of today’s Canadian workers
are planning for later in their lives. Only 17 per cent of today’s
fully-retired Canadians say they semi-retired first, whereas 45 per cent
of working age respondents say they plan to semi-retire before taking
Of those Canadians currently retired, 15 per
cent say they made the decision to semi-retire due to a lack of
employment opportunities later in life. Only Australian retirees (17 per
cent) reported a lack of job prospects in greater numbers than
Canadians. Respondents from both countries were well above the global
average of 10 per cent. | READ MORE