Battle of the generations: Who's having the toughest time with finances in Canada?

A survey conducted by MoneySense reveals that Canadians of all generations are facing financial challenges. The majority of respondents believe that Boomers had the easiest time with debt, followed by the Silent Generation. Gen Z and Millennials are seen as having the toughest time. The biggest issues facing Canadians are the cost of living and retirement, although there are some variations among different generations. Overall, Canadians are confident in their ability to pay off debt and see their savings working for them. However, Gen Z expressed less confidence in paying off debt and achieving their financial goals. Canadians generally gave themselves a B grade for financial literacy, with Gen Z showing the greatest variability in their self-assessment. The survey suggests that while Canadians feel confident with money and financial products, there is room for improvement, particularly for Gen Z. [Extracted from the article]