The pandemic’s uncertainty has Young Canadians more focused on saving money than ever before.
A Sunlife financial survey showed that 80 per cent of Millennials are more concerned with their financial future. When looking at Gen Z it was up to 89 per cent.
However, the majority of both generations also stated setbacks have prevented them from reaching financial goals.
Young Canadians were not exempt from the effects of job losses and business closures and fear the uncertainties that follow.
Surprisingly the financial concerns were not shared by Gen X and Baby boomers who showed much less interest.
Oricia Smith from SunLife says a want to save for the future is usually more prevalent with older generations
Over 1000 Canadians aged 18 and older were surveyed.
