“Y” Isn’t Gen Y Saving?

This week the Globe and Mail launched a special series on ‘Gen Y Money’, and the trends that Generation Y is facing with their finances. Generation Y, also known as millennials, are those aged 15-33, and those who took part in this survey and special series were questioned on their financial reality. There were three major trends that stood out about the reality of Generation Y’s saving (or lack thereof): 75% of those aged 25-29 are yet to start working in their career Over 60% of those aged 25-33 are not yet saving for a home 25% of those aged 30-33 are looking for downpayment…