Young Canadians are increasingly finding themselves in financial distress as the cost of living continues to rise and job opportunities remain unpredictable. The delinquency rates among 18-25 year olds, especially in terms of credit card debt, have witnessed a significant surge. This trend is linked to the challenges posed by unemployment, stagnant income levels, and a lack of understanding regarding financial management. Without adequate knowledge and resources, many young individuals are resorting to credit cards as a means of managing their expenses, leading to a mounting burden of debt. In such a scenario, experts emphasize the importance of developing robust budgeting skills, adopting effective debt repayment strategies, and enhancing financial literacy to empower young Canadians in navigating their financial challenges and securing their economic well-being for the future.