This statistic presents the reasons for starting to save for retirement in Canada in 2017. It was found that 29 percent of the respondents started to save for retirement because they turned a certain age.
Reasons for starting to save for retirement in Canada in 2017
Characteristic
Share of respondents
I turned a certain age
29%
No particular reason
21%
I was automatically enrolled into my employer's retirement plan pension
20%
My employer started paying into a retirement plan/ pension for me
17%
My employer offered a matching contribution to its retirement plan / pension
This question was phrased by the source as follows: "There are many reasons why people start saving for retirement. Which, if any, of the following have prompted you to start saving for retirement?" *The findings in this report are based on the responses of 14,400 employees and 1,600 retired people in 15 countries: Australia, Brazil, Canada, China, France, Germany, Hungary, India, Japan, the Netherlands, Poland, Spain, Turkey, the United Kingdom and the United States.
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Aegon. (May 31, 2017). Reasons for starting to save for retirement in Canada in 2017 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/559565/retirement-saving-triggers-in-canada/
Aegon. "Reasons for starting to save for retirement in Canada in 2017." Chart. May 31, 2017. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/559565/retirement-saving-triggers-in-canada/
Aegon. (2017). Reasons for starting to save for retirement in Canada in 2017. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/559565/retirement-saving-triggers-in-canada/
Aegon. "Reasons for Starting to save for Retirement in Canada in 2017." Statista, Statista Inc., 31 May 2017, https://www-statista-com.ezproxy.canberra.edu.au/statistics/559565/retirement-saving-triggers-in-canada/
Aegon, Reasons for starting to save for retirement in Canada in 2017 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/559565/retirement-saving-triggers-in-canada/ (last visited September 20, 2024)
Reasons for starting to save for retirement in Canada in 2017 [Graph], Aegon, May 31, 2017. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/559565/retirement-saving-triggers-in-canada/