{"id":358661,"date":"2026-02-27T07:02:16","date_gmt":"2026-02-27T07:02:16","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/358661\/"},"modified":"2026-02-27T07:02:16","modified_gmt":"2026-02-27T07:02:16","slug":"why-young-canadians-feel-too-broke-to-plan-for-tomorrow","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/358661\/","title":{"rendered":"Why young Canadians feel too broke to plan for tomorrow"},"content":{"rendered":"

While over half (55\u00a0percent) are finding it difficult to navigate the complexities of their financial situation alone, less than one quarter (22\u00a0percent) have used a professional for financial advice over the past 12 months.\u00a0<\/p>\n

On average, Millennials believe they need approximately\u00a0$1m to achieve financial independence<\/a>, but most have saved only about one-tenth of that amount so far.\u00a0<\/p>\n

The poll highlights clear barriers to working with financial advice professionals.\u00a0\u00a0<\/p>\n

Among Millennials, 44\u00a0percent\u00a0say, “I don’t feel I know enough and don’t want to be judged,” 43\u00a0percent\u00a0are “worried about finding my finances aren’t in the best shape,” 40\u00a0percent\u00a0say, “I don’t know where to start with financial planning,” and 40\u00a0percent\u00a0agree that “Financial advisors are just for the rich.”\u00a0<\/p>\n

Investing goals are still strong: 52\u00a0percent\u00a0of Millennials cite retiring comfortably as a top investing goal, 41\u00a0percent\u00a0name\u00a0achieving financial independence<\/a>, and 41\u00a0percent\u00a0highlight building wealth.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"While over half (55\u00a0percent) are finding it difficult to navigate the complexities of their financial situation alone, less…\n","protected":false},"author":2,"featured_media":358662,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[177],"tags":[79,18,3596,19,17,167532,234,235,24282],"class_list":["post-358661","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-eire","tag-financial-planning","tag-ie","tag-ireland","tag-millennial-retirement","tag-personal-finance","tag-personalfinance","tag-rbc"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116141316135721725","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/358661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=358661"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/358661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/358662"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=358661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=358661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=358661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}