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Almost half of Canadians think they are better off than their parents were at their current age. One in four (26%) think they are worse off than their parents. The survey was conducted by the Environics Institute for Survey Research in the fall of 2019. Young Canadians are less likely (44% of those under 30…
The Angus Reid Institute recently released polling results on poverty in Canada which provide a startling view of poverty. Despite the fact that many of Canada’s poorest people are not able to complete online surveys, the Institute found that 16% of Canadians are struggling and another 11% are on the edge. Many Canadians are aware…
A recent Environics survey conducted for Systelos found that among those who use a financial advisor (only 29% use an advisor), only 12% have fired one within two years of hiring them. Either consumers are doing a very good job of engaging an advisor or advisors are very effective at turning this new relationship into…
There is a growing concern about personal debt and the impact of rising interest rates in Canada. In January we reported on an earlier release that rising interest rates were increasing worry among Canadians who already report having little financial room to adjust to higher rates. Money Remaining After Bills and Debt Payments After paying…
Canadians underestimated the amount of holiday shopping they would do in December and their overspending produced significantly more debt. In fact 42% went over budget according to one poll. While this consumer spending may help the economy, it clearly has the potential for some negative consequences. As a second poll released today shows, many Canadians…
Financial advisors and their clients. It is an awkward relationship because it is on-going, there is, presumably a difference in knowledge, and because we want to trust and feel like we have made the right choice. While recent Canadian changes in fee disclosure rules are part of a set of changes designed to help consumers…
A new poll conducted for MNP LTD by Ipsos shows that many Canadians have little financial flexibility from month to month and that rising interest rates already have many Canadians worried about their financial future. Money Remaining After Bills and Debt Payments After paying bills and debt payments, the average Canadian has $630 left over…
![Canadians more positive about debt situation compared to year ago [Ipsos]](https://pollingguru.ca/wp-content/uploads/2017/12/2017-12-Ipsos-Household-Debt-Year-Over-Year-768x576.jpg)
It seems counterintuitive. Twenty-five per cent of Canadians think their debt situation is better today than it was a year ago (using top 3 box on 10 point scale). In comparison, only 14% are in a worse situation. Counterintuitive given rising house prices has made affordability a serious challenge and other independent sources that suggest…
Canadians are telling pollsters that they intend to spend more money this year than last. $653 on gifts this year (up about $100 from last year) according to a survey by RetailMeNot. $643 on holiday shopping (up 8% from last year) according to a CIBC survey. The polls ask the questions slightly differently but across…
