While a Gen Xer planning their last few working years or a boomer already in retirement might be anxious at the prospect of lacklustre market returns for a few years, young people have nothing to lose, writes Bridget Casey.Fred Lum/The Globe and Mail
The Bank of Canada has raised interest rates four times already in 2022, and there’s likely another raise or two to come before the end of the year. The response has been almost entirely anxiety-ridden, as people panic about their budgets and portfolios. But if young adults are paying attention, this might be the financial opportunity of their lives.
It can be tough to see the silver lining when you’re being squeezed by endless cost-of-living increases and rapidly rising interest rates on student loans, lines of credit and mortgages. But there is an upside. Not only will these circumstances create one of the greatest lifetime…
