MNP Consumer Debt Index Results May 2018

Canadians are more reliant on debt than ever and the outlook for paying it off any time soon appears bleak. This is the story told by a recent Ipsos poll conducted by MNP LTD., which indicates a majority of Canadians (58%) believe a significant earnings increase is the only way they’ll be able to escape their debt. With the average household estimating a 37 percent wage boost would be necessary to pay off their creditors, it appears a poorly performing economy and nearly a decade of record-low interest rates have taken their toll.

Details behind MNP’s Consumer Debt Index, along with our provincial and national news releases can be found below.

MNP Press Releases

Latest Blog Posts

2023-11-27

Albertans grapple with inflation isolation: rising costs impacting mental health, increasing loneliness, isolation, stress, and anxiety

MNP Consumer Debt Index

A recent Ipsos poll conducted on behalf of MNP LTD reveals higher costs and interest rates appear to be causing an isolation phenomenon, with three in five Albertans saying they are staying home more often (59%) to save money.

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2023-11-27

New Brunswickers grapple with inflation isolation: rising costs impacting mental health, increasing loneliness, isolation, stress, and anxiety

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MNP Consumer Debt Index

A recent Ipsos poll conducted on behalf of MNP LTD reveals higher costs and interest rates appear to be causing an isolation phenomenon, with more than half of Atlantic Canadians saying they’re staying home more often (55%) to save money. Two in five say they’re spending less time socializing (44%) to cut spending.

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2023-11-27

British Columbians grapple with inflation isolation: rising costs impacting mental health, increasing loneliness, isolation, stress, and anxiety

Linda Paul

MNP Consumer Debt Index

A recent Ipsos poll conducted on behalf of MNP LTD reveals that higher costs and interest rates appear to be causing an isolation phenomenon, with half of British Columbians saying they’re staying home more often (50%) to save money.

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