News Releases

- Nine in ten Canadian Boomers have their wills prepared

- However, almost half have not updated them in the past ten years

- More than two-thirds have incorporated a Power of Attorney into their will

- Almost two-thirds of Boomers have spoken to their children about what's in their will

BMO survey: students optimistic their school-related debt load will be manageable once they graduate

- 70 per cent of students have summer jobs this year

- 61 per cent of post-secondary students who have jobs believe their summer earnings will cover their day to day expenses while at school

- 59 per cent say they'll owe less than $10,000 or nothing at all when they graduate

Majority of students and parents agree they should share responsibility of education costs, but with strings attached - One in three parents expect repayment from their child for post-secondary education in 2-5 years

- Most parents (51 per cent) are willing to go into debt to fund their children's post-secondary education

- Parents paying for their child's education expect control and visibility over their children's post-secondary affairs; nearly one-third of students disagree