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Debt Trap? MNP Consumer Debt Index reveals Ontarians are taking advantage of low interest rates to spend beyond their means

New research conducted by Ipsos on behalf of MNP LTD. finds six in 10 (63%) Ontarians feel the current low-interest environment is a good time to buy things they otherwise might not be able to afford.

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MNP Consumer Debt Index reveals pandemic impact on personal finances and consumer debt in Manitoba and Saskatchewan

Now in its fifteenth wave, the MNP Consumer Debt Index finds four in 10 (42%) Manitoba and Saskatchewan residents are not confident they can cover their living expenses for the next year without going further into debt, a one-point drop from September.

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Should I wait until the New Year to speak to a Licensed Insolvency Trustee?

Beginning around the holiday season every year, many people wonder whether they should take the leap and seek professional help with their debt.

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MNP Consumer Debt Index finds declining financial confidence and increasing debt concerns among Quebecers as result of pandemic

The quarterly MNP Consumer Debt Index, which is now in its fifteenth wave, finds nearly half (45%) of Quebecers are not confident they can cover their living expenses for the next year without going further into debt — a 12-point increase from September.

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MNP Consumer Debt Index Reaches Lowest Point Ever Recorded as COVID Lockdown Measures Continue

Now in its fifteenth wave, the MNP Consumer Debt Index has dropped to 89 points, the lowest point since it was introduced in June 2017.

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MNP Consumer Debt Index reveals declining financial confidence and increasing debt concerns among British Columbians due to pandemic

Now in its fifteenth wave, the MNP Consumer Debt Index found more than half (52%) of British Columbians regret the amount of debt they have taken on, a five-point jump since September and the largest proportion compared to the other provinces.

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MNP Consumer Debt Index reveals declining financial confidence and increasing debt concerns among Newfoundlanders as a result of the pandemic

Now in its fifteenth wave, the MNP Consumer Debt Index, which is conducted quarterly by Ipsos on behalf of MNP LTD, finds nearly half (47%) of Atlantic Canadians are not confident they can cover their living expenses for the next year without going further into debt.

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MNP Consumer Debt Index reveals declining financial confidence and increasing debt concerns among New Brunswick residents as a result of the pandemic

Now in its fifteenth wave, the MNP Consumer Debt Index, which is conducted quarterly by Ipsos on behalf of MNP LTD, finds nearly half (47%) of Atlantic Canadians are not confident they can cover their living expenses for the next year without going further into debt.

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MNP Consumer Debt Index reveals declining financial confidence and increasing debt concerns among Prince Edward Islanders as a result of the pandemic

Now in its fifteenth wave, the MNP Consumer Debt Index, which is conducted quarterly by Ipsos on behalf of MNP LTD, finds nearly half (47%) of Atlantic Canadians are not confident they can cover their living expenses for the next year without going further into debt.

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MNP Consumer Debt Index reveals declining financial confidence and increasing debt concerns among Albertans as a result of pandemic

Now in its fifteenth wave, the MNP Consumer Debt Index finds four in 10 Albertans are not confident they can cover their living expenses this year without going further into debt.

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