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In this episode of The Decision Corner, Brooke is joined by Kelley Keehn, financial literacy advocate and best-selling author. Kelley has written over 10 books on topics related to personal finance, behavioural economics and financial empowerment. In their discussion, Brooke and Kelley explore why the lessons our parents taught us might not be so relevant today, the influence of the COVID-19 pandemic on our financial trajectories, and how behavioural insights can be used to help overcome the crippling debt crisis faced by so many Canadians. Some of the topics discussed include;
- The unpredictability of financial upheaval.
- The financial wisdom handed down to us by older generations, and why it can’t always be applied in the times we’re living in.
- Personal debt, and why so many Canadians have a bad relationship with it.
- Social pressure, keeping up with the Jones’ and wanting what everyone else has.
- The difficulties people have when discussing their finances, especially when it comes to debt.
- Can behavioral insights help more debt-stricken Canadians help themselves?
- Why we need to ‘run for the cure’ and stop tip-toeing around our financial struggles.