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Elderly, Suicide and Money

Elderly, Suicide and Money

Across Canada, 4,000 people die by suicide each year. And for each suicide, there were 100 attempts, five hospitalizations and 22 emergency room visits. (Source:  L. D’Amatro, The Record, December 15, 2012).  Suicide is appearing in social media and main stream media channels on a more regular basis.  Increasingly it is in articles on senior citizens.  This increase in suicide […]

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By |June 20th, 2013|Debt|0 Comments

Gerontologiphobia and other things in ‘Never Say Die’

Gerontologiphobia and other things in 'Never Say Die'

A new word to try out on your friends and colleagues – gerontologiphobia (1).  It refers to the fear of getting older, or a dislike for becoming older.  Our society does not make it easy to age.  Older people talk about becoming invisible as they age.  They are overlooked, undervalued and even discriminated against.  It’s ironic considering the rapid aging […]

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Don’t blame your parents for your lack of financial education!

Don't blame your parents for your lack of financial education!

This post is about adult children.  Another post about dependent children is here: http://agenomics.ca/?p=450 There is increasing emphasis on financial education and financial literacy.  Main stream media and academic journals are adding their voice to the call for more financial education.  A similar theme weaves through each published piece.  The theme is:  my parents didn’t teach me enough about financial matters.  The […]

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Teaching our children about financial matters – Parents must lead by example!

Teaching our children about financial matters - Parents must lead by example!

This post is about dependent children.  Another post on adult children and financial literacy is here:  http://agenomics.ca/?p=447 66% of respondents to a 2011 poll by the BC Securities Commission indicated that their parents/family taught them about financial matters.  http://www.investright.org/uploadedFiles/resources/studies_about_investors/National_Youth_Survey_Full_Report-25-10-11.pdf  This number isn’t surprising.  Parents should be the teachers of life skills, including financial skills. A more recent initiative – Talk […]

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Gifting – Question #2 – Grandchildren & Step Grandchildren

Gifting - Question #2 - Grandchildren & Step Grandchildren

There is quite a range of opinions on whether gifting should happen for the younger generation (the grandchildren) or just for the children.  It is entirely your personal choice – after all – it’s your money.  However, when gifting to the grandchildren it can be tricky to keep things fair.  One of the issues that arise occurs due to the […]

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5-Key Questions on Family Gifting & Intergenerational Transfers

5-Key Questions on Family Gifting & Intergenerational Transfers

Gifting sounds like a nice thing but it is filled with anxiety, pressure and unintended outcomes.  I cannot count the number of times that an individual has approached me about family gifting.   Increasingly, parents are being asked by their adult children for gifts.  Some of these requests are substantial in size with the potential to place the parents in financial jeopardy.  […]

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Gray Bankruptcy

Gray Bankruptcy

Gray bankruptcy is referring to those aged 65 and older declaring personal bankruptcy.  It is one of the strongest indicators of consumption patterns that are out of control.  In the U.S. alone, there has been a dramatic increase in personal bankruptcy – even prior to the Global Financial Crisis.  By 2004 the annual filings had reached 1.5 million (1).  Even more […]

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By |August 9th, 2012|Debt|0 Comments