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MNP Consumer Debt Index

MNP Consumer Debt Index rebounds significantly as debt perceptions improve

The latest MNP Consumer Debt Index has rebounded significantly to 91 points — an eight-point jump since last quarter after a full year of low scores. More Canadians perceive their current debt situation to be better (27%, +5 pts) and significantly fewer rated it as much worse compared to a year ago (16%, -6 pts). With the prospect of interest rate cuts on the horizon, fewer Canadian households are concerned about their level of debt (41%, -6 pts) and fewer regret the amount of debt they’ve taken on in life (44%, -3 pts). A quarter say they are much better equipped to absorb an interest rate increase of one percentage point (25%, +3 pts) or an extra $130 in interest payments (24%, +5 pts).

“The main theme of the latest report is that things are not as bad as they were,” says Grant Bazian, president of MNP LTD, the country’s largest insolvency firm. “Debt perceptions have rebounded from record lows over the last year. Canadians are more confident about their current debt situation, expected debt situation, and ability to absorb interest rate increases. However, Canadian households are still feeling the squeeze from looming mortgage renewals, pandemic-related financial setbacks, and intensifying cost-of-living pressures.”

Debt Index graph

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.

Debt Index Results for April 2024

Press Releases

Download the MNP Consumer Debt Index infographic.

Press Release Results for January 2024

Press Releases

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Browse through our previous MNP Consumer Debt Index results.



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 240 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. For regular, bite-sized insights about debt and personal finances, subscribe to the MNP 3-Minute Debt Break Podcast.

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. 

Now in its twenty-eighth wave, the Index increased to 91 points, up eight points since last quarter. Visit to learn more.

The data was compiled by Ipsos on behalf of MNP LTD between March 8 and March 15, 2024. For this survey, a sample of 2,000 Canadians aged 18 years and over was interviewed. Weighting was then employed to balance demographics to ensure that the sample's composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within ±2.5 percentage points, 19 times out of 20, 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.

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