The majority were not even born yet when inflation in the country was last this high
TORONTO — When Hannah Sullivan Facknitz surveys their apartment, inflation looms in every corner.
"I'm managing and surviving just by the skin of my teeth, despite getting a really really good job that pays really well." That means money doesn’t go as far when covering rising tuition, housing and food costs, and buying books or even basics is more expensive than before. Trips to the movies, bar or destinations abroad are costing more too.
They're wondering how to juggle rent payments with debt they've run up on credit cards or lines of credits and asking about what investment tools to use to help money "grow safely." At the same time, she has seen an increase in students relying on bursaries to cover expenses and turning to the student union's food bank.
"I am barely making ends meet with my salary as a student union president, and I do have to be very careful with my grocery spending," she said.
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