More than 100,000 Canadians filed for bankruptcy or filed a consumer proposal in 2022, half of which were filed by millennials.
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That is concerning considering millennials make up less than 27% of total Canadians aged 18 and over.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
“The average insolvent millennial is just 33 years old, yet they are 1.7 times more likely than baby boomers and 1.4 times as likely as Generation X to file insolvency, relative to the population,” licenced insolvency trustee Ted Michalos said in the report.REGISTER TO UNLOCK MORE ARTICLESAccess articles from across Canada with one accountGet email updates from your favourite authors
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Millennials make up half of insolvencies filed by Canadians: StudyMore than 100,000 Canadians filed for bankruptcy or filed a consumer proposal in 2022, half of which were filed by millennials.
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