Wanted for a Successful Retirement: A Debt-Freedom Plan

Waterloo - Nearly nine in 10 Canadian homeowners (87%) indicate that “being debt-free” is very important to their definition of a successful retirement according to a recent debt and retirement survey conducted by Manulife Bank of Canada. This is second only to “having good health” (94%) and slightly higher than “having sufficient income to maintain my current lifestyle” (85%). Read more.

Manulife Bank Consumer Debt Survey

Debt Research

Manulife Bank believes that, by managing debt more effectively, many people could save money, become debt-free sooner and achieve more of their financial goals.

Effective debt management is a key contributor to financial health and, by conducting surveys and research into debt management, we’d like to:

• Inform and encourage a public discussion of consumer debt, in a way that helps people understand the role that debt plays in their financial health.
• Educate Canadian consumers on effective debt management by providing information and insights.
• Encourage Canadians to discuss debt management with their families and financial advisors and look for ways to manage their debt more effectively.