Over 70% of Boomers have no corporate pension. And yet over half of people aged 50 to 59 have accumulated less than $100,000. What the hell do they think they’ll live on?

Almost 75% of people did not contribute to an RRSP last year. The average savings rate was 20% in 1982. Thirty years later it’s barely over 3%.

Over 60% admit they’ve failed when it comes to retirement preparedness.

Over 50% of folks in their 60s will be retiring with a mortgage to pay. Almost 30% expect to still have one at age 70.

The average income for retired Boomer families now (over 65) is a measly $37,400. The average CPP payment for retirement is a mere $529.09 a month. The average OAS is $514.74 monthly. Who actually believes they can live on this, and say they are enjoying life?

And yet 70% of Canadians, and closer to 90% of Boomers, own real estate.