MNP Debt Literacy Month
MNP Debt Literacy Month: Nearly half of Canadians regret their debt as persistent debt blind spots leave many financially vulnerable
More than two in five Canadians (44%, +2 pts vs. 2020) say they are concerned about their current level of debt. Nearly half (47%, +2 pts vs. 2020) regret the amount of debt they have taken on. Only half of Canadians (51%, -2 pts vs. 2020) believe they will be debt-free in retirement. Debt anxiety is especially pronounced among younger generations. Concern about current debt is highest among Gen Z (55%, +13 pts vs. 2020) and Millennials (55%, unchanged vs. 2020). Three in five Millennials (59%, +2 pts vs. 2020) say they regret the amount of debt they have taken on, the highest proportion of any age group.
Debt Literacy Month 2026
Debt Literacy Month press releases:
- National: Nearly half of Canadians regret their debt as persistent debt blind spots leave many financially vulnerable
- B.C.: Nearly half of British Columbians regret their debt as persistent debt blind spots leave many financially vulnerable
- Ontario: Nearly half of Ontarians regret their debt as persistent debt blind spots leave many financially vulnerable
- Saskatchewan: More than two in five Saskatchewan and Manitoba residents regret their debt as persistent debt blind spots leave many financially vulnerable
- Alberta: More than two in five Albertans regret their debt as persistent debt blind spots leave many financially vulnerable
- Nova Scotia: Nearly three in five Nova Scotians regret their debt, up 16 points in five years, as persistent debt blind spots leave many financially vulnerable
- New Brunswick: Nearly three in five New Brunswickers regret their debt, up 16 points in five years, as persistent debt blind spots leave many financially vulnerable
- Newfoundland: Nearly three in five Newfoundland and Labradorians regret their debt, up 16 points in five years, as persistent debt blind spots leave many financially vulnerable
- Prince Edward Island: Nearly three in five Prince Edward Islanders regret their debt, up 16 points in five years, as persistent debt blind spots leave many financially vulnerable
- Manitoba: More than two in five Manitoba and Saskatchewan residents regret their debt as persistent debt blind spots leave many financially vulnerable
- Quebec: Nearly half (49%) of Quebecers regret their debt as persistent debt blind spots leave many financially vulnerable
Download the MNP Debt Literacy Month Infographic
About MNP LTD
MNP LTD, a division of the national accounting firm MNP LLP, is the largest insolvency practice in Canada. For more than 50 years, our experienced team of Licensed Insolvency Trustees and advisors have been working with individuals to help them recover from times of financial distress and regain control of their finances. With more than 240 offices from coast to coast, MNP helps thousands of Canadians each year who are struggling with an overwhelming amount of debt. Visit MNPdebt.ca to contact a Licensed Insolvency Trustee or use our free Do-it-Yourself (DIY) debt assessment tools. For regular, bite-sized insights about debt and personal finances, subscribe to the MNP 3-Minute Debt Break Podcast.
About MNP Debt Literacy Month
MNP Debt Literacy Month is an annual initiative focused on helping Canadians better understand their personal finances, identify common debt blind spots, and build the knowledge needed to navigate borrowing costs with confidence. Grounded in insights from five years of national Ipsos tracking, the program highlights trends in debt concern, financial preparedness, and interest‑rate awareness, while offering practical tools to help individuals manage their debt more effectively. MNP Debt Literacy Month aims to strengthen Canadians’ financial resilience and empower them to make informed decisions before financial pressures escalate through education, resources, and free consultations with Licensed Insolvency Trustees.
About the Survey
Now in its thirty-fifth wave, this tracking, which has been conducted since 2017, measures Canadians’ attitudes toward their consumer debt, confidence in managing household finances, and aspects of their debt literacy. The survey provides evidence-based insights that support broader efforts to improve debt literacy. This includes identifying gaps in understanding, determining where financial vulnerabilities may exist, and helping Canadians better understand and manage their household debt.
The data was compiled by Ipsos on behalf of MNP LTD between November 28 and December 1, 2025. For this survey, a sample of 2,001 Canadians aged 18 years and over was interviewed. Weighting was then employed to balance demographics to ensure that the sample's composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within ±2.7 percentage points, 19 times out of 20, had all Canadian adults been polled. The credibility interval will be wider among subsets of the population. All sample surveys and polls may be subject to other sources of error, including, but not limited to, coverage error and measurement error.
