MNP Consumer Debt Index

Canadians find themselves with less money each month, more than half concerned about their ability to repay debts

Index Tracking
A high debt index score is a result of Canadians feeling positive towards their personal finances, as well as confident in their ability to cope with unexpected financial situations. A low index score describes the opposite — negative feelings and low confidence.

Despite the Bank of Canada stating it will keep interest rates stable until next year, more than half (54%) of Canadians say they are more concerned about their ability to repay their debts than they used to be. This could be the result of declining wiggle room in household budgets. After paying all their current bills and debt obligations, Canadians have $557 left at the end of the month on average — a drop of $142 since June and the lowest level since tracking began in February 2016. Nearly half (48%, +4 pts) say they are left with less than $200, including 3 in 10 who say they already don’t make enough money to cover all their bills and debt obligations (+4 pts).

The findings are part of the latest MNP Consumer Debt Index conducted quarterly by Ipsos. Now in its tenth wave, the Index tracks Canadians’ attitudes about their consumer debt and perception of their ability to meet monthly payment obligations.

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Details behind MNP’s Consumer Debt Index, along with media coverage and our provincial and national news releases can be found below.

To view data from previous releases of the MNP Consumer Debt Index, visit our Historical Data page.

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What is the MNP Consumer Debt Index?


About the MNP Consumer Debt Index

The MNP Consumer Debt Index measures Canadians’ attitudes toward their consumer debt and gauges their ability to pay their bills, endure unexpected expenses and absorb interest-rate fluctuations without approaching insolvency. Conducted by Ipsos and updated quarterly, the Index is an industry-leading barometer of financial pressure or relief among Canadians. Visit to learn more. 

The latest data, representing the tenth wave of the MNP Consumer Debt Index, was compiled by Ipsos on behalf of MNP LTD between September 4 – 9, 2019. For this survey, a sample of 2,002 Canadians aged 18 years and over was interviewed. The precision of online polls is measured using a credibility interval. In this case, the results are accurate to within +2.5 percentage points, 19 times out of 20, of what the results would have been had all Canadian adults been polled. The credibility interval will be wider among subsets of the population. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error and measurement error.

About MNP Debt

MNP LTD, a division of the national accounting firm MNP LLP, is the largest insolvency practice in Canada. For more than 50 years, our experienced team of Licensed Insolvency Trustees and advisors have been working with individuals to help them recover from times of financial distress and regain control of their finances. With more than 230 offices from coast-to-coast, MNP helps thousands of Canadians each year who are struggling with an overwhelming amount of debt. Visit to contact a Licensed Insolvency Trustee or use our free Do it Yourself (DIY) debt assessment tools.

Grant Bazian is a Licenced Insolvency Trustees, President of MNP Ltd. To learn more about how MNP Debt can help you, contact Grant at 778.374.2108 or [email protected]

Our team of Licensed Insolvency Trustees will help you explore the debt relief options available to you and together we will find the solution that best fits your situation. Set up your FREE, no obligation consultation today.


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