According to MNP’s recent Consumer Debt Sentiment Survey, 56 per cent of Canadians are on the brink of financial ruin. Based on the population of people in the country over the age of 18 as of the time of this article, that statistic is the equivalent of 16,182,208 people. With numbers that significant, it’s entirely possible that you (the reader) may find yourself included in that 56 per cent. Financial insecurity can be debilitating. It’s important to know you are (clearly) not alone and there are options. Get in touch with a financial advisor and / or a debt professional to discuss your unique situation and discuss the best route towards a strong financial future.
The MNP Consumer Debt Sentiment Survey was conducted by Ipsos Reid on behalf of MNP.
iNews880AM covered the survey in an original article originally posted online on September 28, 2016.
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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.
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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.
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MNP Consumer Debt Index
Younger adults and lower-income households are most likely to report stress, stalled life plans, and living paycheque to paycheque.
