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Canadians expect they need $1.7M to retire, BMO survey finds, but it's even more for millennials
(ca.finance.yahoo.com)
this post was submitted on 08 Feb 2024
23 points (100.0% liked)
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And the first paragraph of the article uses the word "believe", which has a much softer connotation.
The subject line strongly implies that Canadians did the math and "expect" to need $1.7M for retirement.
When you look at the actual article, it's simply an opinion survey reporting what people said, answers for which could be the result of anything from a rigorous financial plan all the way to a finger in the air guess.
So the headline implies a great deal more certainty in the quoted figures than is actually indicated in the article or supportable by the data.
In short: no, I stand by my claim the article headline is absolutely misleading.
I feel like you're taking a very specific interpretation of the word "expect". I don't believe most people would interpret "expect" as being the outcome of crunching the numbers, so I still disagree that the headline is misleading. Still, I appreciate your explanation of your thinking.