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This is exactly the age at which parents would be helping their adult children buy a home.Tuition fees are rising faster than inflation, and the average student who borrows to cover costs owes 28,000 at graduation, according to the Canadian Federation of Students.Terrio said young adults are best positioned for success in eliminating debt because they don't tend to have as many obligations as older people.Participating facilities receive semi-annual reports with important medical audit benchmark data.For more downloadable materials, visit, mammography Saves Lives, websites.Even if they're paying modest rent, young adults living at home should be able to attack their debts with maximum force.
Terrio, president of Debt Savvy in Toronto.
If you're researching personal finance online, there's no way to miss the importance of paying down debt.Not owning a house can do wonders for your personal finances.His theory on why debt is such an issue in this demographic is the growing need to help family members financially.Terrio does presentations for seniors groups from time to time and says he gets bombarded with questions from people in the audience.More debt freedom for Generation Y is notable when you look at some of the economic challenges this group faces."They're not sending kids to daycare, they're not paying for their kid's hockey, they're not carrying a heloc home equity line of credit or a mortgage.Another demographic with a sharp decline in the debt-free population since 1999 is in the 55 to 64 range.
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Beneath these numbers from Statistics Canada are some surprisingly different stories of how various generations are handling debt.