More post-secondary students rely on parents, stay home to finish school: RBC poll

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Almost all students surveyed also said they were not good at handling money and would have to learn to manage their finances.

TORONTO — Inflation is driving more post-secondary students to stay home with their parents as they complete their studies -- a shift from more than a decade ago, a poll published by RBC on Wednesday shows.

The survey, which was conducted by Ipsos and surveyed 1,000 Canadian post-secondary students between June 29 and July 12, found 43 per cent of respondents assumed their parents would be taking care of their financial needs, compared to 29 per cent in 2013. About half of them said they plan to take up part-time work as they attend school full-time, cut back on non-essential spending, stick to a prepared budget and regularly monitor their expenses.

 

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More post-secondary students rely on parents, stay home to finish school: RBC pollTORONTO — Inflation is driving more post-secondary students to stay home with their parents as they complete post-secondary school than a decade ago, a poll by RBC shows. The survey, conducted by Ipsos online between June 29 and July 12, shows almost half of the respondents, or 47 per cent, say they will be living with their parents this school year, compared with 36 per cent in 2013. The RBC post-secondary students and financial readiness poll, which surveyed 1,000 people aged between 18 and 29
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