Canadians aged 25 to 44 are growing more concerned about the financial health of their parents, according to Russell Investments' financial health index.
The index for people aged 25 to 44 rose between the fourth quarter of 2008 and the first quarter of 2009 as uncertainty increased over the direction of the capital markets. The equity markets tested new lows in both periods before rebounding in late March and early April.
According to the survey, women were more concerned than men about having enough money for their desired retirement lifestyle or to pay for essentials.
French Canadians were less concerned about their finances, but more concerned about the impact of medical and health care issues will have on them.