Atlantic Canadians ‘hoping for the best’

Sounds like a metaphor for our overall attitude in this region these days.

According to a BMO Financial Group/Ipsos Reid retirement study, one in every four Atlantic Canadian boomers said that when it comes to retirement planning, they’re “hoping for the best”.

More than half (57%) of Atlantic boomers spend more time planning their home renovations (vs. 46% of Canadian boomers) than planning their retirement and fifty-two per cent prefer to plan their diet (vs. 47%).

We don’t really want to think a lot about the future, do we? Not in politics. Not in economic development and not in our personal financial planning.

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0 Responses to Atlantic Canadians ‘hoping for the best’

  1. Anonymous says:

    With a 4 year window, governments are forced to be short sited. Their long term planning target is to get re-elected in 4 years.

    Maybe elected official’s pensions should be index to the provincial economy so there is more incentive for long term planning.

    Enjoyed your TJ column today. You make a good point that suport for economic development is not simply financial.

  2. mikel says:

    I would disagree with that, there is little evidence of that, with both parties having pretty close to the same policies.

    Was Graham being shortsighted by announcing policies changes for 2026? Are banking on mining, refineries, nuclear reactors short sited? None of these will get done in the next three years.

    If you look at the provincial government they look like they are trying their damdest to NOT be reelected. This guy wasn’t even elected by the majority of the population and he’s not THAT stupide-he knows it.

    Was it short sighted to basically write off public insurance even though his own party voted for it as a policy objective? Or how about those tax increases to balance the books and adding 300 million to the provincial debt?

    None of that is ‘short sighted’, you can look at Charles website and notice that, like under lord, barely a month goes by without a big protest in front of the legislature. That CERTAINLY is not policy designed for the next election, in fact go look at the actual legislation, virtually all of it seems designed to piss people off.

    It is true that some few pieces of legislation is designed for the short term-but it usually backfires. The legislation on banning kids from ATV’s is supposed to make city folk think they ‘care’ about young people, even though it was done with little thought and no study of other jurisdictions (virtually nobody completely bans kids that old from ATV’s).

    The anti smoking in cars is supposed to make them look like they care about kids, but again that’s virtually unenforceable, and as mentioned in the paper, nobody has ever really studied the issue to see what kind of problem it actually is.

    And most people have the brains to know that, and moreover they know that the government does nothing, as Charles says, about the ‘drugging of children’ with ritalin, etc.

    People KNOW all this, but of course simply can’t do anything about it. It’s not a coincidence that the only opposition party is waiting til next year to even have a leader, virtually guaranteeing they have no shot in an election, unless people get SO cheezed off at the liberals and hear some good policies from them (both unlikely).

    In a two party system where both parties have virtually identical policies, elections are not the primary concern. New Brunswick has one of the lowest turnover rates in the country, which has almost as high as the US, so these guys know that they may lose a couple seats, but as long as they keep their mouths shut they will most likely be re-elected. They may be in opposition or on the backbench, but they still get pretty much the same pay and do pretty much the same job.