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SENIORS CAN’T AFFORD TO LIVE AT HOME DURING RETIREMENT

Most Canadian seniors (93%) prefer to live and age at home, finds the Federation of Canadian Municipalities (FCM).

Also, according to HomEquity Bank, 30% of Canadians nearing retirement have $50,000 or less in savings. And, almost 70% of those nearing retirement still carry debt. More than one-third of Canadians (35%) nearing retirement plan to use the value of their home to generate retirement income.

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