Millennials

Decorative pattern

Industry

Millennials still aren’t investing for the long term

More than half cite retirement as their top financial goal, finds a report.

By Staff |November 7, 2017

1 min read

Decorative pattern

Industry

What young clients don’t understand

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 […]

By Staff |November 1, 2017

2 min read

Decorative pattern

Industry

35% of millennial Albertans use advisors

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 […]

By Staff |October 26, 2017

1 min read

Decorative pattern

Economic Indicators

Renters face financial challenges as home ownership drops

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 […]

By Staff, with files from The Canadian Press |October 25, 2017

4 min read