TORONTO , March 11, 2021 /CNW/ - It has been one year since the pandemic started in Canada . This past year has tested Canadians physical, mental and financial health in many ways and data is starting to surface interesting impacts across demographics. Two groups focusing more on planning and saving for the future because of the pandemic? Canadian Gen Z (aged 18-23) and Millennials (aged 24-39). A recent survey by Sun Life found that 80 per cent of Millennials want to protect their financial future now more than ever due to COVID-19. This number increases to 89 per cent for Gen Z. Despite seeing an increase in wanting to start their wealth and protection journeys, a remarkable 74 per cent of Gen Z and 60 per cent of Millennial respondents reported that the pandemic has made saving for the future difficult due to a loss of income or employment.
AssetMark Introduces New Channel to Help RIAs Achieve Scale yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Sounds easy – so what are the problems?
Lowering expenses and increasing savings are undoubtedly worthwhile habits, so why aren’t we all doing it already?
There are practical impediments. In many countries around the world, both developed and developing, some people work to get by. They don’t have the capacity to set very much of their income aside for savings and investment.
It’s also about lifestyle. FIRE promotes a drastic change centred on significant denial. The adjustment can be difficult.
FIRE entails facing up to some potentially alarming risks, too. What if there’s a market crash and you lose a significant amount of your portfolio? What if you encounter an unforeseen medical expense as a result of an accident or a critical illness? What if you run out of money in your later life?
Chasing financial independence retire early (FIRE): is it possible? schroders.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from schroders.com Daily Mail and Mail on Sunday newspapers.
Eurex To Expand Its Pioneering Total Return Futures In Cooperation With FTSE Date
Launch of new Total Return Futures contract on the FTSE 100 Index
Additional dividend futures to access and hedge UK dividend exposure
Eurex will extend its pioneering Total Return Futures (TRF) segment with a contract on the FTSE 100 Index. By cooperating with FTSE Russell, the derivatives arm of Deutsche Börse Group is further expanding its collaboration with leading index providers in its strategically important index segment. Scheduled for 29 March, the launch once again reflects the goal of supporting the global shift towards regulated on-exchange trading with central clearing, as well as passive investments.