Financial Literacy for Millennials
Millennials are in a far more fragile financial situation than the generations before them, and likely to remain so. Many millennials find themselves either trapped in low-paid jobs or zig-zagging between jobs in a way that makes it difficult to focus on long-term financial goals. They are burdened by more student and credit-card debt than their parents and grandparents were. The Public Policy Forum and its partners – the Canadian Canada Pension Plan Investment Board, the Financial Consumer Agency of Canada and Vancity – seek to identify ways to improve the retirement and savings literacy of millennials. The project is being informed by four roundtables (in Toronto, Vancouver, Calgary, and Halifax), interviews and research, and the National Financial Literacy Conference. The project report will be released in winter 2018.