Canada’s greying population gives rise to financial challenges
Canadians are living longer. This could have implications on how individuals manage their finances. The 2016 census data from statistics Canada was released in May, 2017. For the first time in the survey’s history, seniors outnumber children. Seniors, aged 65 and over, account for 16.9 per cent of Canada’s population, just slightly larger than the […]
Millennials’ financial priorities
Recently the Bank of Montreal published a report titled Generation Why! concerning the financial and nonfinancial issues faced by Millennials — the demographic currently in their 20s and 30s, formerly known as “Generation Y”. This age group arrived in their adult years as our country became more comfortable with debt, particularly because of the recent […]
Dementia can be a personal and financial challenge
One of the most significant challenges of growing old is declining mental ability. There is a 50 percent chance you will have some form of dementia by the time you reach age 85. Dementia is a game changer. It affects where and how you live, your close personal and family relationships, and will put a […]