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The Canadian Consumer Mindset in the Age of Permacrisis

February 2, 2023| , ,
By: Oksana Kishchuk & David Coletto We are already a month into the year, and it seems we are still holding our collective breath about what is to come financially for 2023.  The labour market is still tight, inflation is running high (although it seems to be turning around expect for food and rent), interest

Feeling the pinch or not sparing an inch? 2022 Holiday spending

December 21, 2022| , ,
By: Oksana Kishchuk We may be more cost conscious this year, but December is usually a time to spend a little more, with inflation chasing us all year long we wanted to see whether it has caught up with our holiday spending. Most are holding steady on holiday spend, a quarter are spending less. 55%

Millennials twice as likely to fall victim to cyber crime new study suggests

November 10, 2017|
As avid readers of our blog know, Millennials have, by-far, the greatest online risk exposure as compared to any older demographic. Millennials spend on average, 3 hours or more of their waking hours on the internet per day. With such exposure it is unsurprising that they would encounter a greater number of nefarious persons seeking

“Thanks Mom and Dad!”: Housing market not accessible for Millennials without help of parents

June 15, 2016|
For Millennials living in Canada’s biggest cities, buying a home is looking farther and farther out of reach. With the price of housing sky rocketing, many Millennials are turning to their parents to help shoulder the financial burden. Experts from HomEquity Bank are reporting a marked upturn in parents who are inquiring about assisting their

Debt is keeping millennials up at night

August 28, 2014|
By: Francine Kopun Business reporter, Published on Wed Aug 27 2014 Toronto Star Half of millennials are so stressed about debt they are losing sleep over it, according to the results of a survey by BMO. The survey found that the household debt is $73,305 for millennials (those aged 18 to 34) and $92,476 for Canadians aged 35

Student debt: Parents of Gen Y should stop talking and start saving

May 1, 2014|
ROB CARRICK The Globe and Mail Published Monday, Apr. 28 2014, 4:36 PM EDT Give parents an A-plus for talking up the importance of a post-secondary education for their kids, and a C-minus for backing it up with financial help. There are student loans, bursaries, scholarships, tax deductions and part-time work to help students pay their

American Study: Average millennial to retire at 73

October 28, 2013|
The average millennial graduating from college today will not retire until age 73 because heavy student-loan debt will prevent that such people from saving enough money for an earlier retirement, according to a new study. The typical graduate has a “seemingly manageable” $23,300 in education debt and a median starting salary of $45,327, according to
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