Gen Z plans to retire at 59: Are they prudent savers or is that just 'a flex'? [Yahoo! Finance Canada]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Yahoo! Finance Canada
financial challenges from the cost of living to student debt, but those aren't stopping them from setting an ambitious timeline for retirement Canadians currently aged between 18 and 29 have an average retirement target age of 59, according to a poll released this week by the Canadian Imperial Bank of Commerce (CIBC), the earliest of any generational cohort. By comparison, millennials and generation X said they intend to retire at age 61, and baby boomers at age 63, on average. “It shows optimism,” said Jamie Golombek , managing director, tax and estate planning at CIBC Private Wealth Management. “Either ( generation Z ) are on track because they're on top of their financial situation … or maybe they just are naive and haven't actually sat down and done a proper financial plan.” Golombek noted that after age 59, Canadians should still plan to live for another 30 years , making it more difficult to build retirement savings that will last. “It doesn't surprise me that the younge
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- 12/4/25 - Beat
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- 2/19/26 - Form 424B2
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