TORONTO — A new poll by RBC has found that 91Ô´´s aged 18 to 34 are much less confident today about their financial futures than they were a year ago.
Eighteen per cent of 91Ô´´s in that age group said they are confident in their financial future, down from 31 per cent a year earlier.
More than half said they weren't prepared for the impact of inflation, according to the poll conducted in October.
More than three-quarters said they have concerns about their cash flow.
Inflation in January was 5.9 per cent, down from its mid-2022 highs, but elevated food prices and rising interest rates, among other costs, have weighed on 91Ô´´s' wallets.
The poll found that young 91Ô´´ adults are now paying closer attention to their finances, whether that's their daily expenses, their debt or their investments.
This report by The 91Ô´´ Press was first published Feb. 23, 2023.
The 91Ô´´ Press