The youth of today face a wide range of financial challenges that were mostly unheard of just a generation ago. The cost of rent, real estate, post secondary tuition and consumer products are all largely outpacing inflation. The thought of purchasing a home, paying off student loans or saving enough to retire comfortably seems increasingly out of reach.

The MNP Consumer Debt Index measures Canadians’ attitudes toward their consumer debt and gauges their ability to pay bills, endure unexpected expenses and absorb interest-rate fluctuations without approaching insolvency.