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The more mortgage debt young people carry, the more vulnerable they are to ‘negative shocks’ to income and higher interest rates.

Kevin Van Paassen/The Globe and Mail

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

A warning to young Canadians about real estate
This blog post argues that young adults shouldn't let their parents talk them into buying a house. Parents benefited from a long cycle of interest rate declines that boosted housing prices. As a result, houses are much more expensive than they used to be in relation to income.

Spa days for seven-year-olds?
The New York Times on how spas are targeting young kids. "They do deserve something special," said a mom who paid about $400 (U.S.) for a spa party for her daughter and friends.

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The words that keep you from financial success
Try, wish and would like – a blogger calls them "weenie words" and says they get in the way of people making progress in reaching their financial goals.

Is laser eye surgery worth the cost?
I was curious about this as someone who has worn glasses and contacts for close to 35 years. Can't say I'm sold after reading this blog post.

More Money
Join the 49,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters.

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