Financial Planning for your Future

Future generations may one day have a rude awakening one day, because as smart as they are, many lack financial literacy and common sense for their finances.

A recent article about Canadians mentions how the ratio of household debt to disposable income has reached a point of near 2 to 1. Combine that with the amount of debt carried, which keeps growing, and this will eventually become a national disaster of sorts. The lack of financial literacy in Canada appears to be a growing concern that can no longer be ignored. In fact, this has been brought up more than once, and even companies like MNP has called attention to it, and some have stated how it's possible that this can hold back millennials in future, rather than enable them to find their own financial independence down the road.