Alex helps his parents financially and, despite savings, wants to rent for life

Millennial Money

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2+ y ago 10:30

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Alex is a 34-year-old millennial making $112,000 as a federal employee. While the pandemic has been a great opportunity for saving — especially after selling his condo in Ottawa and moving back to his parents home in Toronto. But his parents lost their jobs in the pandemic and he is helping them with money. And despite $160,000 in savings, Alex wants to be a renter for life and wants advice to ensure that works financially. Evy speaks with financial adviser Jason Heath for recommendations.

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