Gen Z’s debt load is surging. Here’s why, and how they can manage it

A new report from TransUnion has found younger Canadians are facing mounting debt, with Millennials now surpassing Baby Boomers for the first time for the largest share participating in the credit market. They also share largest share of debt. So what can younger Canadians do to manage and avoid racking up debt amid cost of living pressures? Sean Previl reports.

• Household disposable incomes grew faster than debt in Q1, StatCan says
• Gen Z’s debt load is surging. Here’s why, and how they can manage it