Leger and United Way Centraide Canada published the Financial Anxiety in Canada Report, which is based on a survey United Way Centraide Canada commissioned Léger to conduct to understand the attitudes of Canadians towards their personal finances and their economic outlook. An Omniweb survey was conducted among the Canadian population with a representative sample of 1,527 Canadians aged 18 and over.
Key insights
- Almost half of Canadians believe the national (48%) and provincial (48%) economy will get worse over the course of the next 6 months, with around one-in-ten (13%) expecting them to improve. Respondents from Quebec were more pessimistic about the financial outlook of their province compared to the rest of Canada, as over half of them think it will get worse (54% compared to 46% in the rest of Canada).
- Half of Canadians (50%) describe their personal financial situation as good or excellent, while about one-in-six (16%) rate it negatively (bad or very bad). Respondents outside of Quebec were more likely to describe their financial situation as bad (17%) compared to those in Quebec (12%).
- Over four-in-ten respondents (42%) stated they could cover their basic expenses for a month or less if they lost their main source of income or faced an unexpected expense.
For further information about the study or to access the report, click here.
