MNP Consumer Debt Index April 2019 Results Summary

MNP Consumer Debt Index drops 4 points underscoring Canadians’ deteriorating financial situation

Canadians are feeling worse about their consumer debt and personal finances than was the case just three months ago. The MNP Consumer Debt Index has fallen four points since December, signalling growing concern and deteriorating financial stability for many.

The quarterly survey, conducted by Ipsos on behalf of MNP LTD, shows more Canadians are hovering close to financial insolvency at the end of the month; nearly half (48%) of Canadians say they are $200 or less each month away from financial insolvency, an increase of two points. This includes one in four (26%) who say they have no wiggle room at month-end, as they already don’t make enough to cover their bills and debt payments.

Debt Index Results April 2019

Press Releases

• National: MNP Consumer Debt Index drops 4 points underscoring Canadians’ deteriorating financial situation
• B.C.: British Columbians are significantly less optimistic about their financial future, more concerned about interest rates and their current debt
• Ontario: Ontarians feeling better about their debt situation yet many still struggling
• Saskatchewan: Significantly fewer Saskatchewan residents hovering close to financial insolvency
• Alberta: Albertans are the most concerned about debt and personal finances compared to other provinces
• Atlantic: Number of Atlantic Canadians on the brink of financial insolvency jumps 10 points since December
• Manitoba: Significantly fewer Manitoba residents hovering close to financial insolvency

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