Jodi Letkiewicz, associate professor at the School of Administrative Studies, was quoted in an article in Money.ca about how young Canadians are running into debt problems earlier.
More Canadians under the age of 35 are running into debt earlier due to the rising cost of living and more options for borrowing. Most young people are not splurging but are struggling to meet their basic expenses. Letkiewicz says that this is basic survival spending rather than discretionary spending, and that debt can become worse when customers begin juggling multiple payments at once.
Letkiewicz teaches, conducts research and publishes work in the areas of consumer finance, financial planning and financial well-being.
Read the full article in Money.ca.