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Saving habits and national averages for Canadian families
The column urges families to pay themselves first by building savings through bank accounts investments and mortgage principal payments. It cites StatsCan data from 1979 showing national savings of 4.2 percent with wide gaps by income bracket and recommends aiming for six months of income in reserve.
MENTIONED IN THIS ARTICLE
Statistics Canada
StatsCan
Mardon
Winnipeg Tribune
Investors Group
Financial Planning Services