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Currency Events, Financial Fundamentals

1/3 of Canadians not Saving

put some money away and watch it grow!

put some money away and watch it grow!

A third of Canadians not saving after paying their bills, poll finds

Almost a third of Canadian households report never or almost never having any money left to save after paying their bills, according to a new study issued Wednesday.
Househoulds that reported no wealth accumulation tended to be working, middle aged people – although varying income levels, says the study by the Certified General Accountants Association of Canada.
“They felt that their incomes were not keeping pace with the cost of living,” said Rock Lefebvre, co-author of the study, which surveyed more than 1,800 people.
Lefebvre said one of the main ways for most Canadians to accumulate wealth is to pay off a mortgage as quickly as possible.

– The Canadian Press
Thursday May 23, 2013

For other tips on how to save money and accumulate more wealth, chat with me about doing a financial overview. It’s quick, easy, and in some situations eye-opening!

Tyler Brown
Financial Security Advisor
Life Insurance Broker
tylerb@riskman.ca
CP: (519) 212-9859

WP: (519) 648-9580
FX: (519) 489-2740
http://www.riskman.ca
244 Woolwich St. South, Unit #1 ~ P.O. Box 261 Breslau, ON ~ N0B 1M0

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