Presentation on theme: "Show Me the Money The most pressing issue for Canadian families is: Economic Security."— Presentation transcript:
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?