Battle of the generations: Who’s having the toughest time with finances in Canada? Sep 10th

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Battle of the generations: Who’s having the toughest time with finances in Canada?OK, Boomer. That phrase evokes images of memes that starkly paint the divide between the generations. But when it comes to money, it turns out Canadians of all ages are on the same page. For the annual MoneySense survey, we asked Canadians to identify their generation and share their thoughts on money—including which generation has it easier with debt. We heard from 3,153 respondents between July 18 and August 23, 2024. Obvious spoiler alert: Everyone is feeling the pinch, and no one thinks Gen Z and Millennials have it easy right now. 

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Which generation has the easiest time with debt?

According to the poll, 55.5% of Canadians think that Boomers (born 1946 to 1964) had an easier time with debt, and the Silent Generation (born 1925 to 1945) comes in next at 21.8%. Gen Z (born 1997 to 2009) is at the bottom with 4%, with Millennials (born 1981 to 1996) above at 6.8% and Gen X (born 1965 to 1980) on top at 12%…

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