MNP Consumer Debt Index: October 2019 Results Summary

Canadians find themselves with less money each month, more than half concerned about their ability to repay debts Canadians who find themselves in serious financial trouble could be digging themselves into a deeper hole by not seeking help when they need it. A new survey conducted by Ipsos on behalf of MNP LTD, shows almost half of Canadians (46%) say they would be embarrassed to get help if their financial situation was bad enough to consider bankruptcy. One-third (31%) of survey respondents say the stigma surrounding bankruptcy prevents them from seeking help. The findings are part of the latest MNP Consumer Debt Index conducted quarterly by Ipsos. Now in its tenth wave, the Index tracks Canadians’ attitudes about their consumer debt and perception of their ability to meet monthly payment obligations. Debt Index Results October 2019 Press ReleasesNational:Canadians find themselves with less money each month, more than half concerned about their ability to repay debtsB.C.:British Columbians find themselves with less money each month, nearly half concerned about their ability to repay debtsOntario:Ontarians find themselves with less money each month, more than half concerned about their ability to repay debtsSaskatchewan:Saskatchewan and Manitoba residents find themselves with less money each month, more than half concerned about their ability to repay debtsAlberta:Albertans finding themselves with a lot less money each month, 6 in 10 concerned their ability to repay their debts Atlantic:Atlantic Canadians find themselves with less money each month, six in ten concerned about their ability to repay debtsManitoba: Click here to view an interactive infographic ​