Making Money Minute with Ron Hiebert - Working Longer

People are living longer, healthier lives. Over the past 50 years, average global life expectancy has risen from 62 to 75 years. Developed countries saw longevity increase from 72 to 82 years. This has many experts worried that those extra years in retirement, and the risk of lower government benefits, will lead to a financial crisis. Thankfully people are paying attention, and their solution is to simply work longer. Since 2000, the average number of years a person stays in the work force has risen by 12% - from 34 to 38 years. Economic necessity, is guiding people to make the adjustments necessary to ensure their retirement is successful.

For more information listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.