Fun Fact Friday

That back in the day, employee benefits were something “nice” to have and were a way for companies to keep their employees around.

Now, we’re seeing more companies updating their employee benefits every year, or even every few months. This is because employees are starting to consider their benefits when looking for jobs. Why? Because it pays to save!

Whether you’re planning for retirement, or even saving for an investment opportunity on a new property, how you budget your finances can keep you stress-free in the long-run. That’s why we’re always here to help.

57% of all workers say that benefits are high on the priority list when they’re looking at a new employer.

33% of organizations increased their benefits in the past year, primarily to stay competitive.

17% of Canadians are members of a registered pension plan.

53% of memberships in pension plans are from public sector workers.

83% of the population are responsible for their own retirement savings.

33% of Canadians have no retirement savings, 50% live cheque-to-cheque.

32% of Canadians are nearing retirement without any savings.

As of January 2019, the average income in Ontario was $52,260.

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