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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…
![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…
