Younger adults are especially blue about finances this time of year
Survey finds Canadians fret about possible rate hikes, rising costs and the inability to save
The high level of Canadian household debt has been cited by the Bank of Canada for years as one of its top concerns
Household credit market debt as a proportion of household disposable income increased to 171.1%, up from 170.1% in Q2
Although housing is driving growth in the median net worth of Canadian families, it’s also driving a significant rise in household debt levels
Better saving habits are critical to ensuring that many Canadians can retire and withstand personal emergencies
A desire to help children and grandchildren - combined with the availability of credit - is encouraging many elderly clients to carry debt into retirement
Canadian debt levels are the highest they’ve ever been and high housing prices have been a driving factor
Study finds young adults are more likely to start investing than older non-investors
The increase came as household income increased 1.2% while household credit market debt rose 1.9%.