RRSP: Do you contribute to yours?
- January 12, 2010 10:38 AM |
- By POV
RBC Economics says it expects Canadians' RRSP contributions to keep declining through 2020.
In a study released Monday on registered retirement savings plans over the past 40 years, RBC assistant chief economist Paul Ferley says the trend toward decreased contributions will likely continue as the population ages over the next decade.
He said RRSP contributions grew steadily for three decades, starting in the late 1960s, but began falling in the late 1990s as baby boomers "got older and contributed less."
As a percentage of personal income, RRSP contributions have declined for 11 consecutive years after peaking in 1997, the study found.
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Do you contribute regularly to an RRSP? Why or why not?
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This poll is not scientific. It is based on readers' votes.In a study released Monday on registered retirement savings plans over the past 40 years, RBC assistant chief economist Paul Ferley says the trend toward decreased contributions will likely continue as the population ages over the next decade.
He said RRSP contributions grew steadily for three decades, starting in the late 1960s, but began falling in the late 1990s as baby boomers "got older and contributed less."
As a percentage of personal income, RRSP contributions have declined for 11 consecutive years after peaking in 1997, the study found.
Full story
Do you contribute regularly to an RRSP? Why or why not?
Take our poll
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