Description: Over one third of Canadians have no retirement savings. And over one half of our citizens are living paycheque to paycheque. These are the rather dismal findings of a recent poll. As well, one third cannot pay off their credit cards each month, an indicator of financial pressures on Canadian households.

Date:  September 30, 2019

Source:  financialpost.com

Link: https://business.financialpost.com/personal-finance/more-than-a-third-of-canadians-have-no-retirement-savings-half-live-paycheque-to-paycheque-poll-finds?utm_campaign=magnet&utm_source=article_page&utm_medium=recommended_articles

Discussion points: 

 1) Are you surprised to see that this many Canadians are having financial difficulties? What kind of financial pressures are you and your classmates facing?

2) We are in the midst of a federal election campaign. Do you think these pocketbook issues are being adequately addressed

3) In Illustration 7-7 of Wiley’s Financial Accounting: Tools for Business Decision-Making , we see a description of the principles of cash management. Which of these principles would be applicable to Canadian households?