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Sunday, April 20, 2014

Many Wealthy Canadians Have Pessimistic Outlook About Kids' Future

The kids of Canada's wealthiest citizens may be getting a rude awakening in a decade or two according to a study by BMO that examines trends among the most affluent in this country.

Just a quarter believe their kids will be better off financially then they are and whopping 41% believe their kids will be worse off.

Interestingly, our cousins South of the border have a brighter view of what the future holds for their kids with 43% saying they think their children will be better off than them.