Millennials, Gen Z still contending with student debt

While it’s right to be concerned about the debt that a millennial or Gen Z person has with your business, it’s important to also know that other types of debt are in the mix. Case in point: student debt. According to the CIBC, the average student debtor owes about $26,000, while the latest stats show that there are more than 1.7 million people with student debt in Canada.