Vettese also cites data from actuary Malcolm Hamilton, who found Canadian seniors on average weresaving money, even while giving away an average of 16.1% of their income. That data was from way back in 2001 – but here’s the craziest thing:The average income for Canadian seniors went up ...
How much money the average retiree needsYou should aim to have 70% of your pre-retirement income to live comfortably during retirement. The median household income today is $58,600, which means the average household should have at least $41,020 per year saved for retirement. If you are eli...