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Articles on Savings

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A recent study has found that Canadians are highly motivated to save money in preparation of long-term care. (Shutterstock)

Older Canadians’ savings are shaped by their long-term care preferences

While both nursing homes and home care impose financial burdens, their differing structures can influence how older Canadians save money.
UK chancellor Jeremy Hunt outside 11 Downing Street in London before presenting the latest government budget to Parliament. Tolga Akmen/EPA-EFE

Spring budget 2023: experts react to UK government’s plan to get the economy moving

Childcare, pensions and support for energy bills are among the main budget plans for the UK government.
Around 12 million Americans take out payday loans to help them pay for monthly expenses. andriano_cz/iStock / Getty Images Plus via Getty Images

We tend to underestimate our future expenses – here’s one way to prevent that

Understanding why people underpredict expenses could help them budget more accurately – and even encourage them to save more money.
A 529 plan can pay for up to $10,000 a year for tuition at K-12 schools. MoMo Productions/DigitalVision via Getty Images

What is a 529 college savings plan? An economist explains

College savings plans – known as 529s – can be effective for certain families. Still, it pays to know the ins and outs of how the plans work, an expert says.
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Progressive in theory, regressive in practice: that’s how we tax income from savings

It would be a mistake to think that just because higher earners face higher tax rates, that’s what they pay. When it comes to income from savings it’s the other way around.

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