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Story summary
- Manulife warns Gen Xers aged 44 to 58 are unprepared for retirement, with average savings under $50,000.
- A third of this group faces financial insecurity as they approach retirement.
- The CD Howe Institute echoes concerns that many are not adapting to decades without income.
- The shift from traditional pensions to defined contribution plans leaves many financially illiterate and investing poorly.
