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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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