The steep costs associated with college and university are taking a growing toll on the finances of both students and their parents. The Student Debt Survey reveals that eight-in-10 Canadians with children under 18 say they intend to assist their children with post-secondary costs, and nearly half expect that this will cause them to postpone their retirement.
Did your parents talk to you about money when you were growing up? Do you find yourself wanting to educate your own children about budgeting, saving and other financial topics, but don’t know where to start?
Debt is one of many financial concerns keeping Canadians up at night. The Household Debt Survey reveals that one-in-five Canadians with debt expect they will need to liquidate assets to help pay off—or pay down—their debt. In addition, 62% of Canadians with debt anticipate taking on new forms of debt in the year ahead.
Two thirds of Canadians enter 2019 worried about their financial fortunes according to a recent economic poll. The Kitchen Table Forecast, a Leger poll of 1,515 Canadians was conducted for non-profit organizations FP Canada and Credit Canada.