Housing prices were more in step with wages. Tuition fees didn’t necessitate student loans, allowing graduates to enter the workforce and start saving and investing out of the gate, rather than having to service large debts for years after completing their education.“Anything goes wrong like a pandemic, or you lose your job or you get sick or you get divorced and boom, there is no safety valve there,” he said.
Sandra Fry, a Winnipeg-based credit counsellor with the non-profit Credit Counselling Society, said many young people who seek alternatives to insolvency and bankruptcy are dealing with the shock of rising interest rates.Fry said the Credit Counselling Society sees all types of people struggling financially with rising costs that are “really squeezing Canadians in general from all sides.”
Dave Locke, 31, lives with his wife in Coquitlam, B.C., east of Vancouver, and the couple sought Fry’s help when their mortgage payments jumped dramatically in the middle of a costly renovation.
CERB debt? So getting free money from taxpayers is now called debt? Please please stop the gravy train.
And the feds continually tax us - while they continue to give themselves raises.
Apparently neither restraint nor planning are millennial strong points.
I’m old. This Covid nonsense should have been lifted for young people after a few months. We have an older population in charge and is only interested in self preservation, no matter the cost. Young people will pay for this mistake for decades.
Cerb debt? You mean they took money they shouldn’t have and now are paying the consequences?
Perfect chance for trudy and gag meat to buy some votes like biden
Don’t forget the debt they inherit from Trudeau doubling national debt, the provincial and municipal debt. They have no clue how in debt they are
all things they did
Make sense they were big Trudeau supporters.
Young people are the ones who keep voting liberals and the Liberals just keep raising taxes Trudeau doesn't give a damn about young people
Nothing for free, not even Liberal largesse!
If you voted Liberal, you asked for this.
CERB debt? Meaning they have to pay it back due to fraud!
Ask mommy and daddy like you do for everything else
Don’t worry! Justin Trudeau and the lying Liberals got their backs! I hope they remember how he has ruined their lives the next time they vote!
They embraced the fiscal mentality of the federal liberals. Wait until they find out the party they voted for saddled them with a lifetime of government debt to add to their own personal debt. Elections have consequences
Starbucks. iPhones. Skip the Dishes. Disney. Netflix. Amazon. That would explain a lot of their easy to cut debt.
CERB debts what’s that? Thought CERB was just cash with no strings
Do what the rest of us did get a job and it might not be your dream job and start paying off the money you borrowed so tired of people expecting their debts to be paid by others. Don’t even start talking about CERB.
The CERB one is my favorite. Play stupid games. Win stupid prizes.
Do a credit proposal and move on.
Try getting a job and stop expecting everything for free.
Grownups need to take on debt wisely
Yet they keep voting liberal.
My two millennials are doing just fine. Both own their own homes and have great jobs.
You guys voted for the .liberal_party
Maybe they should self identify themselves as millionaires and pay their debts. Since these people tend to believe in that bullshit 🙄
They were also underemployed most of their lives while facing increasing costs and for some reason being perpetually denigrated by older generations and the national post.
And yet - Justin Trudeau wants to hit them with more taxes come April 1. No joke. TrudeauNationalDisgrace TrudeauDestroyingCanada cdnpoli
When boomers said 'we all have to do our part for covid' they really meant 'the younger the person, the more they need to sacrafice. They need to also pay financially for decades so we can stay safe from the scary stories we see on the news'. Shame on everyone involved.
You chose the government that you deserved. They bankrupt this country and you, no one else you can complain. Only governing elites and people invested in RE will get richer. That’s our future generations will have because of choice made in the past.
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