Gen X and Gen Y: Deluded when it comes to retirement?

Oh, to be young again! It seems the Generation X and Generation Y Canadian cohorts are increasingly optimistic when it comes to attaining early retirement compared to the baby boomer set.

Yahoo! Canada Finance, by Al Emid
January 2012

The big problem with these studies is they don’t take into account certain things (like) real estate wealth,” he says. An individual who is not actively saving cash but is paying off their mortgage is building equity. Complicating the issue, Lamontagne explains many individuals find it difficult to self-assess how much money they have in their pension plans. “It’s an income at a time in the future. Often it’s very difficult to figure out exactly how much you have for retirement” he suggests.

Full text: Gen X and Gen Y: Deluded when it comes to retirement?