Part 3/8:
Education: The lack of financial education in schools has a significant impact. While there has been some movement towards integrating financial literacy into the curriculum, Derek and Richard note that many adults still lack basic knowledge about credit, investing, and debt management.
Macroeconomic Factors: Rising housing costs and inflation add another layer of complexity to personal finance. With median home prices in Canada escalating drastically over the past two decades, aspirational homeowners find themselves squeezed financially.