“Many people used the pandemic as an opportunity to rethink their priorities, ” said Carissa Lucreziano, Vice-President, CIBC Financial and Investment Advice. “But with the cost of living on the rise, it can be easy for Canadians to lose sight of long-term goals without the guidance of a professional to help keep them on track.”
Asked about life changes made since the start of the pandemic, 62% said they are happy with them, but many said they need more advice, although just 24% said they have spoken to a financial advisor.
The top areas of financial advice that respondents said they need are:
- investing (27%)
- retirement planning (21%)
- wills or estate planning (19%)
- budgeting/saving (14%)
- paying down debt (14%)
New job for more pay
The survey also found that 12% of Canadians are planning to change their job in the next 12 months.
The main reasons include better pay (34%) or benefits (24%), need for a life change (24%), change of work environment or culture (23%), and better work-life balance (21%).
