Despite Interest Rate Cuts, More Than 1 in 4 Canadians Expect to be Unable to Pay Bills Yet More Than 1 in 5 Plan to Take on More Debt

Image for article Despite Interest Rate Cuts, More Than 1 in 4 Canadians Expect to be Unable to Pay Bills Yet More Than 1 in 5 Plan to Take on More Debt
News Source : Financial Post

News Summary

  • Inflation continues to be a leading concern for 82% of Canadians
  • 44% of those surveyed reported that their household finances are worse than anticipated in 2024
  • Total Canadian consumer credit debt reached a record $2
  • 5 trillion in Q3 2024
  • Less than half of Canadians didn’t think the country would enter a recession before the end of 2024
Author of the articleArticle contentInflation continues to be a leading concern for 82% of Canadians, with 44% of those surveyed reporting that their household finances are worse than anticipate [+10659 chars]

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