More than half cite retirement as their top financial goal, finds a report.
Your younger clients need help to understand their finances. A whopping 82% of young Canadians (18 to 34) feel they don’t have enough financial knowledge or investing smarts, a 2015 CIBC report revealed, while an August 2017 report from Moody’s Investor Service finds that Canadians owe $1.69 for every dollar of disposable income. Household debt […]
More than one-third of millennials surveyed in Alberta invest with advisors (35%), rather than exclusively managing their money online, finds ATB Investor Beat. That result might surprise you, considering ATB also found that the younger generation is more comfortable managing money online (43%) compared to gen X (27%) and boomers (22%). Millennials are also more […]
If your clients are renters, they’re more likely to be over-stretched financially to keep a roof over their heads. That’s because almost 40% of renters captured in the 2016 census spent more than 30% of their average monthly income on housing, finds StatsCan. That figure is largely unchanged from 2011 and more than double the […]
Insurance isn't only for those with dependants
Minimum wage hikes potentially hurt the most vulnerable workers
Despite making up a large proportion of insurance claims, many millennials assume travel risk
Millennials want to look beyond debt repayment
Financially, millennials have a lot on their plates
Client profile Emily Salvatore, 29, and Nicole Franken*, 30, have been friends for two decades. Both women save about $9,000 of the $50,000 they make a year, but Emily’s job as a supply teacher is precarious. She’s been getting by on contracts for three years during a hiring freeze at the school board. Nicole is […]