-BMO poll says young Canadians have no retirement savings.Global Banking News-August 2, 2012--BMO poll says young Canadians have no retirement savings(C)2012 ENPublishing - http://www.enpublishing.co.ukGlobal Banking News - 02 August 2012 According to a poll by Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). (NYSE NYSE See: New York Stock Exchange : BMO BMO Bank of Montreal (Canada) BMO Before Market Open BMO Biometrics Management Office BMO Ballistic Missile Office BMO British Mathematical Olympiad BMO Balkan Mathematical Olympiad BMO Business Management Office ) one third of young Canadians have no savings to take care of their needs after retirements even though they plan to quit work early. A recent poll found that 27 percent of young adults, between 18 and 34 years of age, have not started saving for retirement. In addition, only 10 percent have 'thought a lot' about how much money they would need to put away for their retirement. Ironically, one-quarter of the polled population expect to retire early. Leger Marketing conducted the online BMO poll of 1,000 Canadians in February. [Editorial queries for this story should be sent to gbn@enpublishing.co.uk] ((Distributed via M2 Communications - http://www.m2.com)) |
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