The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Rich parents are a millennial's best friend
Toronto Life investigates the phenomenon of parents providing financial support to their adult kids through help buying homes, paying the mortgage and covering costs like daycare. I contributed some cautionary comments on parents helping their kids buy a house.
Is my child too money obsessed?
Some insights are provided in this New York Times article on what children might be thinking when they say they want to be rich.
Here's what affluent people are buying
The same stuff as you and I, actually. "Among consumers that make more than $100,000 a year, the most widely owned car brands are Ford, Toyota, Honda, Chevy, and Nissan," this article from Inc. says.
Our culture of miserliness
The questions raised here about the lack of charitable giving by Americans applies equally to Canada. Ironically, one way money buys happiness is through the satisfaction we get from giving. That's not sappy sentimentality – it's documented.
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