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MNP Consumer Debt Index rebounds as Canadians take steps to safeguard their finances amid economic uncertainty

The latest MNP Consumer Debt Index has rebounded to 88 points, a nine-point increase from the previous quarter, signaling a more optimistic outlook on Canadians’ personal finances.

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Three-quarters of Nova Scotians have cut spending or postponed major purchases

Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.

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Three-quarters of New Brunswickers have cut spending or postponed major purchases

Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.

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Nearly two-thirds of Manitoba and Saskatchewan residents have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty

Nearly two-thirds say they have cut back on spending due to economic uncertainty (63%) and are delaying major purchases or investments (66%), according to the latest MNP Consumer Debt Index.

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Nearly two-thirds of Saskatchewan and Manitoba residents have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty

Nearly two-thirds say they have cut back on spending due to economic uncertainty (63%) and are delaying major purchases or investments (66%), according to the latest MNP Consumer Debt Index.

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How to start planning for your retirement in your 30s

How can you achieve your retirement goals when you start saving in your 30s? These nine steps can help you get started.

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January MNP Consumer Debt Index Recap (3 Minute Debt Break)

The latest debt index finds Canadians are showing record-low confidence levels when it comes to their personal finances and debt repayment abilities. Now in its nineteenth wave, the MNP Consumer Debt Index has reached the lowest point since inception, plummeting seven points since last quarter to 88 points.

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Three-quarters of Ontarians have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty

Three-quarters say they have cut back on spending due to economic uncertainty (75%), and say they are delaying major purchases or investments (76%), according to the latest MNP Consumer Debt Index.

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Nearly three-quarters of Albertans have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty

Three-quarters (75%) say they have cut back on spending due to economic uncertainty, and nearly as many (71%) say they are delaying major purchases or investments, according to the latest MNP Consumer Debt Index.

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Breaking the bankruptcy and insolvency stigma

Breaking stigmas means ridding ourselves of our assumptions, generalizations, and broad-brush statements that are harmful to individuals and groups.

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