Nearly half of Canadians could cover expenses for only a month before falling into debt: Survey
Ottawa, June 10 -- Nearly half of Canadians would be unable to cover basic living expenses for more than a month without falling into debt if they lost their main source of income, a new survey found.
The figure rose from 42% six months ago, highlighting growing financial pressure on households.
The survey found that 27% of respondents said their financial situation had worsened over the past six months.
More than half of Canadians described their finances as manageable but tight or said they were already struggling.
Rising costs of food, housing and energy were identified as major sources of financial stress.
The poll found that 40% of Canadians struggle to sleep because of financial worries and another 34% reported difficulty conce...
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