Unexpected $1,000 expense too much for most Canadians under 55: new survey ...Middle East

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OTTAWA – Many Canadians “lack a financial cushion” according to a new Angus Reid survey, which found majority of respondents under 55 could not handle an unexpected expense of more than $1,000. “As housing costs continue to rise from this period of high interest rates, renters and mortgage holders feel squeezed,” the Angus Reid survey said. This financial concern is compounded by half of those surveyed in the same age group, worrying about losing their jobs. Key findings from the survey include: Canadians report thinner financial cushion than two years ago Most renters, mortgage holders could not manage sudden $1,000 expense 2 in 5 respondents typically

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Last updated : 02 February 2024 clock 12:09 AM

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Unexpected $1,000 expense too much for most Canadians under 55: new survey ...Middle East

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