30% of retired Canadians go back to work to pay the bills

TORONTO – Nearly a third of retired Canadians, or 30 per cent, have returned to work and the main reason is they misjudged how much the easy life would cost, according to an ING survey.

About 48 per cent of retired respondents to an online poll said they took another job because of financial reasons. Of those, 31 per cent returned to work full time.

Another online survey found that 33 per cent of respondents who went back to work said they hadn’t saved enough money for retirement, while 31 per cent said they faced higher living costs than expected.

Source: http://www.vancouversun.com/business/About+retired+Canadians+returned+work+bills+says+survey/9382322/story.html

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