Did You Know?
Canadians are borrowing and carrying more household debt than ever before – an average 167% of our yearly income.
48% of Canadians report living paycheque to paycheque.
46% of Canadians cite increased debt as a consequence of having no savings.
44% of Canadians say they have under $5,000 in emergency savings with 21% having less than $1,000.
49% of Canadians report feelings of stress and lack of financial stability.
The Government of Canada has paid out over $8 billion in Canada Education Savings Grants since 1998.
Youth with savings are 50% more likely to attend post-secondary education.
In 2014, $3.04 billion was withdrawn from the RESPs of 379,120 students to help pay for their post-secondary education.
Parents can get up to $2,000 with the Canada Learning Bond.
71% of jobs will require a post-secondary education.
93% of people with a budget stick to it most of the time.
13.3% of Canadian children are living in poverty.