More than two-thirds of young Canadians are worried they will face greater challenges than their parents in accumulating savings for their retirement years, a new survey suggests.
But the survey also found more and more parents plan to help their adult children, even to the detriment of their own finances.
A report published this week by the Bank of Montreal (BMO) found that 73 percent of Millennials surveyed say retirement planning will be more difficult than it was for their parents, followed by Generation X at 67 percent, Generation Z at 61 percent and Boomers at 60 percent.
