Join RateSupermarket.ca’s Twitter discussion on financial challenges facing young Canadians
Toronto, ON – May 9, 2013: Earlier this month, RateSupermarket.ca, Canada’s independent financial rates comparison site, conducted a study on the costs of financial independence including moving out of the family home – and found it came with a price tag of $5,397.50! These findings, along with the details of RateSupermarket.ca’s Get Out Of My House giveaway – which will grant one lucky finalist the funds they need to move out of their parents’ home – can be found at getoutofmyhouse.ca.
This data brings to light the increasing challenges facing young adults as they acquire their education, join the workforce, and gain adult independence – and calls for discussion to explore how these hurdles may be overcome through increased financial literacy.
Join The #RSMgetout Conversation
RateSupermarket.ca is kicking off the conversation by hosting a twitter party on Friday, May 10th from 12 to 1 p.m. Join @RateSupermarket with the hashtag #RSMgetout to discuss the following:
Higher unemployment and underemployment levels affecting this age group.
A steeper cost of living than in decades past, especially in urban areas.
Higher levels of student, credit and household debt.
Increased difficulty entering the housing market due to limited affordability.
About RateSupermarket.ca (www.RateSupermarket.ca)
Over 3 Million Canadians have found their best rate for personal finance products on RateSupermarket.ca. Launched in 2008, RateSupermarket.ca is Canada’s largest and most comprehensive rate comparison site, offering visitors transparent access to the best mortgage rates as well as credit cards, bank accounts, insurance quotes and GIC rates.