I recently saw this article in The Star and I have to admit it made me laugh. It claims that 2/3 of Canadians who want to retire by 2030 are not saving enough money.
Basically the article is a rewording of the official press release (see here). They mention all this information they went through and all their hard work, yet they don’t provide one single number of useful data in the press release other the headline. What do you assume for inflation? What are ‘basic household expenses’? Out of this 72 profiles what factors did you take into account? Where did you assume they are living?
In the end this news article is not very useful other that getting people frightened and trying to get them to save more. They just don’t provide enough information in a press release to tell if the report is useful or just full of holes in their logic. What really makes me mad is they never include a link to the actual report so I can read it myself and determine if it is useful.
Have a good weekend,