At what age are you the most satisfied with your life?
A recent survey by Statistics Canada indicates that life satisfaction tends to increase with age, peaking in the 70s for women and the 80s for men. The findings suggest that Canadians are generally doing well in their retirement planning, as life satisfaction ratings do not decline with age. However, concerns about financial security may affect those in their 60s, highlighting the importance of effective retirement savings.
- ▪Statistics Canada conducted a survey in 2016 to assess life satisfaction among Canadians.
- ▪Life satisfaction scores increased with age, peaking in the 70s for women and the 80s for men.
- ▪The federal government has introduced initiatives to improve financial support for seniors, including pension expansions.
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Open this photo in gallery:Most Canadians are probably saving enough for retirement, writes Frederick Vettese.Paper Trident/iStockPhoto / Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountStatistics Canada asked people to rate their life satisfaction on a scale of 0 to 10 in a social survey conducted in 2016. The responses helped inform the life satisfaction rating, a composite score encompassing the nation’s financial situation, health, personal relationships and feelings of security.
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