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.
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.
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Source: CP24 - 🏆 30. / 67 Read more »
Millennials dominate insolvencies as credit card, student loan, CERB tax debts add upInsolvency trustee Doug Hoyes encounters a lot of Canadians with money troubles, but he’s become particularly sympathetic to the plight of young people who… Hahaha no kidding they have no concept of financial stability
Source: OttawaCitizen - 🏆 21. / 68 Read more »
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Source: CTVCalgary - 🏆 26. / 68 Read more »
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Source: nationalpost - 🏆 10. / 80 Read more »
Millennials dominate insolvencies as credit card, student loan, CERB tax debts add upInsolvency trustee Doug Hoyes encounters a lot of Canadians with money troubles, but he’s become particularly sympathetic to the plight of young people who find themselves financially underwater. Imagine voting for your own downfall because of making kids gay or trans, or because orange man bad.
Source: TorontoStar - 🏆 60. / 55 Read more »
Millennials dominate insolvencies as credit card, student loan, CERB tax debts add up - Terrace StandardStudy finds millennials 1.4 to 1.7 times more likely to file for insolvency than older generations
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