Retirees not meeting travel dreams: Poll
People who expect to travel when they retire might not realize that dream, a new poll has found. (Shutterstock)
People who expect to travel when they retire might not realize that dream, a new poll has found.
Of people reaching retirement — age 50 and over — 74% said they expect to spend their days travelling, the RBC survey found. That's up from 72% in 2010.
But in reality, only 58% of retirees travelled in 2011, down 1% from the year before.
As for becoming snowbirds and heading south for the winter, 30% of people reaching retirement expect that's how they'll spend their golden years, but just 14% actually do it.
"Many expectations that Canadians have about retirement turn out very differently in reality," RBC senior manager of financial planning support Jason Round said in a release.
The study also found 56% of pre-retirees expect they will volunteer more when they retire, but only 38% of retired workers did so in 2011.
Ipsos Reid conducted the poll from Feb. 25 to March 7. In it, 2,245 adults aged 50 and over with household assets of at least $100,000 were surveyed.
A survey with an unweighted probability sample of this size and a 100% response rate would have an estimated margin of error of 2.1 percentage points, 19 times out of 20.