At the end of the week, the Bureau of Investigation allowed me to put into words a feeling that I had had for a long time: many young Quebecers have not learned how to manage their money.
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Several articles from the Bureau of Investigation published in recent days deal with the fact that more and more young Quebecers are facing insolvency proceedings.
Difficult romantic relationships, fraud, piling up bills: more young people than I thought are facing personal bankruptcy.
I understand that life is full of setbacks and that no one is safe, but when I look at people of my generation, Generation Z, I am not surprised by the findings of the Bureau of Investigation.
I want everything, right now!
I noticed that for many people my age in their twenties, having a budget is not important. Many live beyond their means, always ready to spend to follow new trends propelled by influencers.
I think that the fact that my generation has difficulty projecting itself into the future, because of climate change and everything, greatly influences our relationship with money.
I understand that when we are pessimistic about the future, we can come to think: what is the point of budgeting, accumulating or investing?
Whose fault is it?
I know that young people of my generation have a lot to eat when it comes to their money management, but I believe that a lot more education should be done at this level.
Is it normal that many young people learn the hard way how credit cards work by ending up with thousands of dollars in debt because no one took the time to explain it to them properly?
It is essential to better equip young people so that they have every chance of having good financial health.