The government should help seniors financially in this pandemic, but young adults must come first [Toronto Globe and Mail (Ontario, Canada)]
TransUnion (TRU)
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Source: Toronto Globe and Mail
The government should help seniors financially in this pandemic, but young adults must come first The financial help the federal government is offering to businesses hurt by the pandemic should come with a condition: When things get better, you need to hire some recent grads. The COVID-19 outbreak has hurt a lot of us financially in one way or another – mass layoffs and decimated retirement savings are just a couple of examples. But this year’s crop of university and college grads are among the hardest hit. They’re graduating, many of them with considerable student debt, into an economy that will have almost no use for them. Young adults are at the start of their working lives, unable to proceed. Seniors are looking at what they’ve saved over a lifetime and measuring how badly they’ve been affected by the pandemic’s financial disruptions. Their registered retirement income funds have been thrice-hit by falling stocks, a growing trend of dividend cuts and falling interest rates. Those
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