This cohort has saved and paid off most if not all of their debt. So, they’re lucrative to fraudseters from all over the world.
In Canada, it would be great if we had a credit freeze so those not needing debt any furhter would have to worry about financial identiy theft. But that option doesn’t exist in Canada. Watch my video on helping your parent put a proactive credit alert on their credit file to help protect them from ID fraud.
To learn more, get your copy of Talk Money to Me: Save Well, Spend Some, and Feel Good About Your Money in bookstores across Canada, Walmart, Costco, Shoppers, London Drugs and more now! And, available at Amazon and Chapters for pre-order now.
As the Consumer Advocate for FP Canada, I know that financial literacy is paramount to your well-being. Equally important to your long-term success is working with a qualified professional. To find a CERTIFIED FINANCIAL PLANNER® professional in your area that will help guide you on all matters of money, check out this Find Your Planner tool.
FP Canada is a national professional body working in the public interest (formerly known as the Financial Planning Standards Council). FP Canada is dedicated to fostering better financial health for Canadians by certifying professional financial planners and leading the advancement of professional financial planning in Canada.