B.C. residents less concerned about debt & focus on daily budget

By
Real Estate Agent with REMAX CREST REALTY WESTSIDE

We have noticed that  "B.C. residents [are] less concerned about debt: poll While rest of Canada looks to catch up in 2012, British Colombians will focus on daily budget" .   British Columbia residents say they're going to focus on budgeting and managing their day-to-day spending in 2012, while the rest of the country is focused on paying down debt, a new CIBC poll shows.   Canadians were accumulating record levels of debt and recorded a drop in the net worth of the average household.  Declines in the value of pension assets forced average household net worth to reduce.   Canadians over 65 years of age are focused on cash-flow management given that many in this age group have started drawing on their retirement savings.  So if they invest efficiently and wisely, they can have more retirement saving and don't need to worry about life after retiring.  The best and safest way is investing on real estate.

REFERENCEShttp://www.vancouversun.com/business/residents+less+concerned+about+debt+poll/5922681/story.html#ixzz1iNRb2ven

 

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Topic:
Lending / Financial
Location:
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Groups:
ABR-Accredited Buyer Representatives
A.R. Canadian Newbies
Beautiful British Columbia
BuffiniandCompany Coaching, Living the Good Life!
Canada, eh
Tags:
budget
daytoday spending
debtx investing for retirement
investing vs saving
investment
retirement
saving
savings for retirement

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