As Alberta continues to take hard economic knocks due to the price of oil in the international market, tens of thousands of people across the province are struggling under the very harsh realities of unemployment.
With the provincial unemployment rate sitting at a national high of 8.5 per cent and no clear path to gainful work and prosperity in the near future, many are left wondering how they are going to make it from one bill payment to the next. In fact, MNP’s recent Consumer Debt Sentiment Survey revealed that 58 per cent of Albertans would be unable to keep up with payments if their monthly income was to decrease by just $200. As the price of crude oil continues to drag, it wouldn’t take a drastic event for household finances to shift by $200. If this is sounding a little too familiar, it might be time to seek out a debt professional. Options are available, but the time to act, is now.
The MNP Consumer Debt Sentiment Survey was conducted by Ipsos Reid and recently covered by the Calgary Sun. The original article was originally posted online at Calgary Sun on September 28, 2016.
2025-07-14
MNP Consumer Debt Index
Nearly half of Albertans (47%, +2 pts) report they are $200 or less away from financial insolvency each month — more than those in any other province — according to the latest MNP Consumer Debt Index.
2025-07-14
MNP Consumer Debt Index
Nearly two-thirds of Quebecers say they desperately need interest rates to go down (63%, -2 pts), according to the latest MNP Consumer Debt Index.
2025-07-14
MNP Consumer Debt Index
Younger adults and lower-income households are most likely to report stress, stalled life plans, and living paycheque to paycheque.
