show me the money the most pressing issue for canadian families is: economic security

Show Me the Money

The most pressing issue for Canadian families is:

Economic Security

Canadian Household Incomes

• With Canada’s expanding economy since 2003, household incomes are on the rise.

• Reasons are;• Increase in hourly earnings• More earners per household• Lower income tax payments

• In spite of the economic gains, many Canadians live on the financial edge

Did you know?

• A 2007 report states that 3.4 million Canadians live in poverty compared to approximately 3.2 million in 1990

What’s causing financial stress among Canadian families?

DEBT

Credit Cards

• “Credit buying is much like being drunk. The buzz happens immediately, and it gives you a lift. The hangover comes the day after.”

Dr. Joyce Brothers, Author

How do you decide how to spend your money?

• Think about the last item of clothing that you bought. What factors affected your decision?

• Emotions• Friends and peers• Customs, Traditions, and Habits• Family members• Latest Styles and Fads• Advertising• Incentives• Your values and confidence

Question

• Can you think of something you bought that you never used – or didn’t use much at all?

• If so, think about why you bought it. What can you learn from that decision?

• Teens and Money

• Money Games

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