BY David Wm. Brown and Sarah Brown
Starting a conversation about someone’s age is a sure way to be the least popular person in the room. But while this is a no-go territory for cocktail party chatter, it’s a conversation you need to have with your parents.
Statistics Canada tells us that in 2007, people aged 45 to 64 paid for 75% of elder care. And now, a new generation is realizing that when their parents need long-term care, they’ll be called upon to fund it.
By Carla Hindman, Director of Financial Education, Visa Canada
One topic I’ve learned to treat carefully with new acquaintances until I know them better is where they stand on the treatment of pets. Some people, when their dog gets sick or badly injured, say, “It’s an animal – that’s just part of the circle of life.” Others consider Rover a true family member and would happily take out a second mortgage to save his life.
Pet owners from both camps probably see the barrage of ads for pet insurance and wonder whether it’s worth the expense, which might be several thousand dollars over the life of your pet. I did some research and the best answer I can come up with is: it depends. Read more