Many Hope To Retire On Lottery Winnings

February 1st, 2014   ·   Add Your Comment Now...

A large majority of Canadians have stated that they will rely on government pension plans to fund their retirement.  Government plans include the Canadian Pension Plan (CPP) and the Quebec Pension Plan.  A full third (34%) of people polled hope to fund their retirements via lottery winnings.

88% of poll respondents have said they plan to augment the relatively small monthly stipends from government pension plans with their own savings.  Monthly payout from government pensions are about $600 to $1000.  Some of those polled also included options to sell-off their houses and other real property to get retirement funds.

The Canadian lottery can expect a lot 0f business if that many people hope to land jackpots to finance their sunset years.  The good news is that some of them will win.

Read more in http://www.cbc.ca/news/business/lottery-win-is-retirement-plan-for-34-of-poll-respondents-1.2517046

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