Let's get digital: from bitcoin to StockTok — plus what low literacy means for Canada's economy
This week on the Cost of Living — we talk cryptocurrency, the pitfalls of social media stock tips, and how reading and writing skills are a problem for Canadians in a shifting economy.
The Cost of Living for Sunday, January 17, 2021
You can't really use bitcoin to buy, well, much of anything tangible. Yet the price of the cryptocurrency is soaring.
- The Cost of Living ❤s money — how it makes (or breaks) us.
Catch us Sundays on CBC Radio One at 12:00 p.m. (12:30 p.m. NT).
We also repeat the following Tuesday at 11:30 a.m. in most provinces.
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So what is the value of something you can't exchange for many goods, and why are people buying in?
Meanwhile on social media, TikTok videos about stocks and investments are getting millions of views — but is it just click-inflation?
Finally, with a shift to the knowledge economy comes consequences for the Canadians who fall into the literacy gap. Who is in this group of people with low literacy skills, and what does it mean for their economic future?
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