Canadians Don’t Save Money Either

The above headline isn’t by anyway a means an attempt to try and justify the lack of saving in the US, but to show that our neighbors up north are having their own money saving problems these days too. I found the following information on canadaeast.com:

The study found that people no longer prioritize saving money. Many Canadians, young Canadians in particular, will have to drastically increase the amount of money they save in the future. The danger is that people risk not having a financial buffer if tough economic times arrive…

Tal’s study notes that the Canadian personal savings rate is now in negative territory — its lowest level in 80 years. For the second qua

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[Continue Reading at SavingAdvice.com]

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