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Do you know which Canadian age group carries the most amount of debt? Or, could you tell me if mortgage debt tends to increase or decrease with age? How about this, true or false, credit card debt increases for Canadians as they age?
I broke down a recent article that takes a deep dive into Canadians’ financial situation. More specifically the article investigates how much and what kind of debt we carry, what age cohorts carry the most debt, and what kind of debt to expect to carry as we age.
Over the first five months, I have come across several “rules to life” They are from several individuals; experts in their respective fields. Each with their own view on how to live a meaningful and impactful life.
Through that search, I have compiled several ‘rules’ to live a good life, which I will outline (and provide resources) for you to explore on your own.
Your savings account pays you 0.5% but the inflation rate is 5%, so your real rate of return is -4.5%, and you're wondering why you can't get ahead?