What’s a normal amount of debt, savings, investments and net worth for your generation? Please fill out The Globe's anonymous questionnaire to see how you compare to your peers.
A lot of personal finance exists in an idealized world where people keep debt to a strict minimum and take a maximal approach to saving and investing. We have just started a year where a lot of people will compare their own situations to the ideal and feel like they don’t measure up.
Nothing good will come of this – just frustration, shame and disengagement. What we need is a benchmark showing what’s normal in each age group for debt, savings and investments and net worth. Millennials could compare their mortgage balance to other millennials, Gen Xers in their 50s could compare their retirement savings with their peers and boomers could compare the value of their tax-free savings accounts. We plan to build an online tool that will show you all of this in early 2023. To help us get started, please fill outthat follows. It’s 100 per cent anonymous – we just want your age bracket and the specifics of what you owe and what you have in savings and investments. With these numbers in hand, we will build a tool that invites people to compare their personal finances to their peers. Find out what’s normal for your age bracket and see how you compare.Are you reading this newsletter on the web or did someone forward the e-mail version to you? If so, you can sign up for Carrick on Money
Please follow us on Google to support us Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GCTC: Music from bygone years comes alive in Rob Frayne’s Ottawa SuiteThe production celebrates Ottawa\u0027s legendary live music venues of yore, before the \u0022city that fun forgot\u0022 nickname was born
Read more »
Remember Ottawa's beatnik era? Hippie era? Swing era? Rob Frayne’s Ottawa Suite brings audiences back in timeThe production celebrates Ottawa\u0027s legendary live music venues of yore, before the \u0022city that fun forgot\u0022 nickname was born
Read more »
NFL BREAKDOWN: Push for the playoffsWATCH BELOW as Postmedia’s Rob Wong and National NFL Columnist John Kryk preview some of the top Week 18 action in the National Football League including a big…
Read more »
'Please avoid the area': Massive boulder blocks B.C. roadA safety assessment now needs to be done.
Read more »