Monday, June 05, 2006

Savings rate among the young is low in Canada

Our consultant in Canada was very impressed with the educational talk given by NTUC Income on "financial tips for the young".

He also like the financial awareness talks conducted under the Money Sense programme funded by the Monetary Authority in Singapore.

There is no similar educational program in Canada. The personal savings rate, especially among the young, is now in negative territory, which is the lowest level since the 1920s.

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