MNP Consumer Debt Index: July 2018 Results Summary

2018-10-23   minute read

Grant Bazian

MNP Consumer Debt Index

According to a recent Ipsos poll conducted by MNP LTD., Canadians are forecasting sunnier skies ahead when it comes to their debt. Bolstered by three in five Canadians (61%) feeling their debt situation has improved over the past four months, the MNP Consumer Debt Index jumped 10 points in July to reach its highest recorded score. With one quarter (25%) of Canadians saying their debt is better now than one year ago — and more than half (57%) saying it’s the best it’s been in five years — there seems to be a renewed sense of confidence that the worst is finally behind them.

If this doesn't sound like you or if you’re worried your debt may be spiralling out of control, MNP has created an easy to use tool to get a check-up on your debt health. Click below to access the MNP Debt Scale and get your free assessment today.

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