25 Apr 2012

Report: Affluent Canadians may have difficulty maintaining lifestyle

A recent report by McKinsey and Co. shows that older and affluent Canadians will have more trouble maintaining their lifestyle into retirement than poorer citizens that rely on government programs, according to Monevyille.ca.

The report concludes the Canadian retirement system is "in a stronger position than many of its global peers." Affluent Canadians are predicted to maintain their lifestyle at a lower rate than poorer citizens, which at first seems backwards. However, the richer citizens studied in the report have to spend more in order to keep their lifestyle uninterrupted. The poorer Canadians, meanwhile, can rely on government programs and do not have to spend as much to maintain their modest lifestyle.

According to report author Fabrice Morin, the study did not look at whether Canadians would struggle from a financial standpoint. In that sense, most affluent Canadians would be fine.

Aging may require Canadians to make some adjustment to their lifestyle, whether this means moving into a smaller place or joining a retirement community. One way for seniors to hold on to the items they've accumulated throughout their life is through a Toronto self storage facility. There are many options for affordable self storage in Toronto and other Canadian cities.

Self storage can be a smart way to hang on to valuable items without taking up room in a house or apartment. For Toronto storage solutions, there's no better than Jiffy Self Storage. Those interested in self storage should check out the affordable rates on Jiffy's website, where they can also enter to win a free iPad 3.

Be Sociable, Share!

Related Articles [3]

Five Reasons Hiring a Moving Company Is Worth It

February 7th, 2020
Moving is almost always chaotic, especially if you decide to pack and move everything yourself. Without the help of your family or friends, it’s practically impossible to...

Jiffy Storage’ Ultimate Moving Checklist

March 29th, 2018
Whether we like it or not, moving is something we all must undertake at least a couple of times throughout our lives. For many people, it is incredibly stressful and...

How To Purge Before A Big Move

August 17th, 2017
Moving not only means deciding what you are going to take with you, it also means deciding what you are not going to take with you. Purging before a move is just as important...

Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

Leave a Comment

Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL