Did you Know?

• Most children imitate the saving and spending habits of their parents.
  
  
• 78% of high school students have never made a budget.
  
  
• Before 2006, the personal savings rate in the USA went from 7.6% to less than 1%. In 2006, the rate was negative 0.6%! The good news is that Canadians are better at saving than Americans.
  
  
• Over 70% of people worry about money everyday.
  
  
• Worries over money are the leading cause of family stress.
  
  
• 66% of people live pay cheque to pay cheque.

If today’s trends continue, only 1% of the population will be rich at age 65, 4% will be financially independent, 15% will have modest savings, while the other 80% will be broke!