Bachelor’s degree wages in B.C. haven’t increased in 12 years
By Michael Mui, 24 Hours Vancouver
“We used to be third in the country for wages, now we’re fifth or sixth. We’re below the national average now for the first time.” — Jim Sinclair, B.C. Federation of Labour
Housing prices have more than doubled since the early 2000s and if you’re equipped with only a bachelor’s degree, chances are you’re not even making $1-per-hour more now compared to back then.Click here for full article
Canadians just don’t understand TFSAs: report
Tax-free savings accounts (TFSA) may be increasingly popular, but they also have a lot of Canadians scratching their heads.
Forty-eight per cent of Canadians have a TFSA, up from 23 per cent in 2012, according to Bank of Montreal’s recently released Tax Free Savings Account (TFSA) report. However, there’s confusion surrounding the details: the poll found that just 19 per cent of Canadians know…Read more
Money moves when times get tough
A quarter of Canadians would dip into their retirement savings during hard times, a new HSBC study has found. And men are more likely to tap their retirement savings than women, at 27 per cent and 23 per cent respectively, according to The Future of Retirement: A new reality.
The Canadian report, which is part of a larger 15-country study on…Read more
What you need to know about your spouse’s money
Money can’t buy love, but even in the most loving relationships it can certainly be a source of conflict. For proof, look no further than the fact that, aside from infidelity, financial issues are one of the most commonly cited causes of divorce.
Just ask registered professional counsellor Michael Haggstrom, who sees money matters come up in his Calgary practice all the time.Read more
Paul has shed despair – should he now get rid of his adviser?
There’s a big difference between depression and the blues. Paul can attest to the toll that ongoing feelings of despair take on every aspect of a person’s life. Now 60, Paul has been unable to work since he was 45 because of a major depressive disorder.
“I’ve had a long bout of depression and a couple of nervous breakdowns since 1999,” Paul says. “Fortunately, I can report that…Read more