The study identifies four pillars that impact the quality of life after retirement. Along with health, family support, and purposeful living, financial means is one of the most important factors because it affects where they live and the lifestyle they can afford. According to a recent Ipsos survey, 95% of Canadians 45+ view aging in place as a way to maintain their independence, comfort, and dignity. Additionally, 79% say that long-term care or assisted living would only be an option if they couldn’t afford in-home care – and only 12% reported enough room in their budget to afford it.
Almost half of the survey respondents said they’d borrow money to bridge the gap. Still, credit cards or private loans come with significant downsides, including high interest and monthly payments with inflexible repayment terms. For homeowners, downsizing may…
