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Can Canadians Afford the Future?

With people all over the West struggling due to 2008’s credit crunch and the double dip recession that followed, many are counting the pennies.

In Canada, some of the longest debt repayment plans in history are meaning the average Joe is struggling to get out of debt. Couple this with sky-high tuition costs and you’ve got yourself a situation where many graduates won’t see themselves debt free for decades.

This infographic weighs up the costs of going to university against leaving education after college. What is the right choice for people? And how long can they expect their finances to be in the red for?

Infographic Source: RateSupermarket.ca

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