Posts Tagged ‘Finances’

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

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 […]

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

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 […]

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Debt is keeping millennials up at night

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 […]

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

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 […]

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American Study: Average millennial to retire at 73

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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