Most Canadians see themselves as savers, but more than half have very little put away, according to a new report
Preliminary results of AGF’s annual investor survey find that many Canadians are struggling with balancing the need to pay down debt and saving for the future
The most-indebted borrowers tend to be under 45 years old
But rates are rising in Western Canada
Households in British Columbia, Ontario, and Alberta, are ranked as the most vulnerable
The number of clients who are retiring with mortgages and large credit card bills is increasing. The solution lies in planning and client/advisor communication
For many clients, debt is a serious problem. And whether you choose to work closely with indebted clients or refer them to a credit specialist, the long-term solution lies in promoting financial literacy
Even with the jump in overall household debt levels, delinquency rates continue to decline
Canadians owe nearly $1.65 in credit market debt for every dollar of disposable income
Although many Canadians are focused on debt repayment, there’s much you can do to ensure they take saving for retirement seriously