Canadians and their cash: Key Findings from the 2019 Canadian Financial Capability Survey

Canadians and their cash: Key Findings from the 2019 Canadian Financial Capability Survey

Canadians are facing economic pressures handling their debts and day-to-day funds

An average of, Canadian home financial obligation represented 177% of disposable earnings in 2019, up from 168per cent in 2018 (Statistics Canada, 2019). Outcomes through the 2019 study indicate that almost three quarters of Canadians (73.2%) involve some style of outstanding financial obligation or utilized a loan that is payday some point within the last year (see additionally Statistics Canada, 2017). Nearly 1 / 3 (31%) think they usually have too debt that is much. Continue reading “Canadians and their cash: Key Findings from the 2019 Canadian Financial Capability Survey”