Business & Finance articles

The real reason people fail to save enough for retirement — and what you can do to limit the damage

The real reason people fail to save enough for retirement — and what you can do to limit the damage

Perhaps as important as how much you need to save to retire is an understanding of the things that prevent people from saving enough in the first place — despite their best intentions.Illustration by Chloe Cushman/National Post files While there are conflicting opinions on whether Canadians are saving enough for retirement, there is no doubt

Millennials are no different from their baby boomer parents — they’re just poorer

Millennials have less money to spend but they’re still spending on the same things as other generations.Files In the court of public opinion, millennials are the most infamous serial killers. American cheese. Credit cards. Taxis. The Thanksgiving turkey. Even divorce. This generation’s cultural killing spree has left few corners untouched. Now there’s evidence for an

Does rent control stifle construction? Until there’s more data, the jury’s still out

Rental vacancy rates have barely budged from levels of less than 2 per cent and rents have continued to rise after Ontario brought in rent controls in 2017.Postmedia News Ontario has done yet another somersault on rent control regulations. Premier Doug Ford’s government recently reversed the stringent rent control regulations that were enforced last year

Canadians’ household debt burden creeps higher

Total credit market borrowing, however, slowed for the third consecutive quarter.Canadian Press OTTAWA — The amount Canadians owe relative to their income ticked higher in third quarter. Statistics Canada says household credit market debt as a proportion of disposable income was 177.5 per cent in the third quarter on a seasonally-adjusted basis. That compared with

Laid off at 53, former oil industry manager wonders if seven-figure savings will sustain 40-year retirement

Situation: Former exec worries seven-figure savings may not be enough for forty years without work Solution: With spending cuts, teens off to university in a couple of years, savings should be sufficient A couple we’ll call Charles and Agnes, both 53, live in Alberta. Recently laid off from his job managing industrial product sales in