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BMO Investment survey finds Gen Z are Canada's most engaged generation for tracking financial goals 20 April 2022

BMO's annual Investment Survey reveals that younger Canadians are demonstrating their financial savvy by regularly evaluating their financial goals and plans more than any other group – including Boomers. According to the survey, 62 per cent of Gen Z (aged 18-25) and 54 per cent of Millennials (age 26-41) review their goals at least quarterly, with 41 per cent of Gen Z and 29 per cent of Millennials doing so monthly. In comparison, only one third (36 per cent) of Boomers (aged 58-67) review financial plans at least once a quarter and only 15 per cent of them doing so monthly.

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Keywords

Savings Financial advice

Geography

Canada

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