A recent poll done by CIBC and Harris/Decima has found that 59% of Canadian retirees are still in debt. Worse yet, the poll finds that 55% of people that carry debt into retirement have seen their debt levels either increase or remain unchanged over the past year. As you can imagine, it only becomes more …
Data from the Canadian Imperial Bank of Commerce shows that Canadian borrowers believe it will take them longer than previously thought to pay off their mortgages.
The most popular New Year’s resolutions are often the hardest to keep, especially when it comes to counting calories, quitting vices, losing weight and, of course, saving money.
It’s hard enough for most Canadian households to save sufficient money for retirement, even if those households include secure retirement savings plans, multiple sources of income and very little debt.
Empty nesters – the people who got their kids up and out of the house with time left to enjoy their freedom – have a lot of options on their plates.
We’re used to hearing about celebrities and pop culture icons getting divorces, and most of us are probably so sick of hearing the overly dramatic stories that we’ve learned to tune them out.
Retirement is meant to be a time for relaxing and enjoying the rewards of your years spent working and building wealth. Unfortunately, some Canadians are relaxing a little bit too much and not taking steps to get out of debt sooner.