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February 22, 2009 at 07:00 PM
Workers in Canada seem to be feeling some of the same intense financial pressure that U.S. workers are feeling.
One indicator is that about 9% of the Canadian workers surveyed say they have cracked their nest eggs and started spending their retirement savings to cover current expenses in recent months due to the economy, according to researchers at Sun Life Financial Inc., Toronto.
U.S. workers are breaking their nest eggs at about the same rate, the Sun Life researchers report.
The researchers have commissioned December 2008 surveys of 1,226 Canadian workers ages 30 to 65 and 1,200 U.S. workers ages 30 to 66 for an “Unretirement Index.”
