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GLOBAL NEWS: Millennials set to face most economic pain in months ahead, RBC says. Here’s why

 


Canadian millennials, particularly those who own a home, are set to face steep interest costs and economic damage in the months ahead, according to a new report from RBC.

 

Rising interest rates are set to ratchet up the pain on millennials and younger Generation X adults, RBC argues, leaving them especially vulnerable to job losses should the economy slow sharply in the months ahead.

 

Debt loads are particularly straining on core-age working adults compared with two decades earlier, RBC economist Carrie Freestone argued in the report released Wednesday ...


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