People struggling with debt and feelings of financial anxiety are predicting bleaker futures for themselves and their children, say polls
When embarking on his career as a process engineer, Mark Dunham did not expect to be in his thirties with a good job and still feel stressed about money. He has modest goals – “I just want a garden and a little workshop, in a place I can maybe raise two kids” – but with prices as they are, even that feels out of reach for the 34-year-old Mississauga resident.
Saskatoon financial planner Janea Dieno says she’s seen a wave of financial pessimism pass through her clients as interest rates and inflation have risen. Mr. Bazian says people with higher incomes typically have higher debt payments, but are also accustomed to spending more on non-essential items, so maintaining their lifestyle in the face of inflation and high interest can lead to stress.
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