{"id":639159,"date":"2026-10-07T14:20:09","date_gmt":"2026-10-07T14:20:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/639159\/"},"modified":"2026-10-07T14:20:09","modified_gmt":"2026-10-07T14:20:09","slug":"canadian-retirees-draw-40-of-their-income-from-government-benefits-survey","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/639159\/","title":{"rendered":"Canadian retirees draw 40% of their income from government benefits: survey"},"content":{"rendered":"<p lang=\"EN-US\" paraeid=\"{5e3cbd91-447c-4f67-99a0-2c8561422d79}{73}\" paraid=\"1559979880\">Participants expect employer-sponsored accounts to provide 22.5 percent of retirement income, against the 11.4 percent retirees reported.\u00a0<\/p>\n<p lang=\"EN-US\" paraeid=\"{8d4040ed-10de-41db-a44c-2a717fb89133}{76}\" paraid=\"1341823778\">Defined benefit pensions came in at 11.1 percent expected versus 17.7 percent reported, part-time employment income at 9.5 percent against 1.2 percent, and real estate income or home equity at 7.3 percent against 0.3 percent.\u00a0<\/p>\n<p lang=\"EN-US\" paraeid=\"{5e3cbd91-447c-4f67-99a0-2c8561422d79}{78}\" paraid=\"1034355270\">Government benefits and pension income together accounted for 58 percent of the retirement income reported by surveyed retirees, following earlier figures on Canadian pension participation and saving.\u00a0<\/p>\n<p lang=\"EN-US\" paraeid=\"{5e3cbd91-447c-4f67-99a0-2c8561422d79}{87}\" paraid=\"937416866\">Katherine Tweedie, Canada country head, and Nick Nefouse, global head of retirement solutions, <a href=\"https:\/\/www.blackrock.com\/institutions\/en-ca\/insights\/thought-leadership\/read-on-retirement#\" rel=\"noreferrer noopener nofollow\" target=\"_blank\">wrote in the report&#8217;s foreword<\/a> that confidence is &#8220;not the same thing as feeling secure.&#8221;\u00a0<\/p>\n<p lang=\"EN-US\" paraeid=\"{5e3cbd91-447c-4f67-99a0-2c8561422d79}{102}\" paraid=\"656303217\">Seventy-four percent of participants said they struggle to understand how today&#8217;s savings will support them in future, BlackRock found, and 65 percent said they are unsure how to calculate what they will need to spend in retirement.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Participants expect employer-sponsored accounts to provide 22.5 percent of retirement income, against the 11.4 percent retirees reported.\u00a0 Defined&hellip;\n","protected":false},"author":2,"featured_media":639160,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[114,268,117563,85,46,266,267,5426,288332],"class_list":["post-639159","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-government-benefits","tag-il","tag-israel","tag-personal-finance","tag-personalfinance","tag-retirement-income","tag-workplace-plans"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/639159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=639159"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/639159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/639160"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=639159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=639159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=639159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}