Studies that have been done in Canada since 2007 seem to show which of the following?
A) Canadians are taking full advantage of RRSP tax breaks.
B) More Canadian adults are working multiple jobs.
C) Canadians in general have not been saving for their retirement.
D) Most people are covered by private pension plans.

Question

Quizplus · Accepted Answer

Studies conducted in Canada since 2007 indicate that Canadians have not been saving enough for their retirement. This is supported by various surveys that suggest that a significant portion of the Canadian population is not saving enough for retirement, including  one conducted by Statistics Canada which revealed that in 2019, only 32.6% of private sector workers had a pension plan. Therefore, option C is the most accurate statement based on the evidence.

Studies That Have Been Done in Canada Since 2007 Seem