1 in 4 Canadians can’t afford $500 unforeseen expense as inflation bites: report
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Young adults, women and racialized groups in particular felt the impact of the high cost of living, StatCan data showed.Nearly half of Canadians aged 35 to 44 said they faced challenges to cover their expenses in the past 12 months. That was the highest proportion of any age bracket, followed by 41 per cent for those aged 45 to 54 years.
conducted exclusively for Global News echoed some of those concerns, with 22 per cent saying they are “completely out of money” to the degree that they would not be able to pay more for household necessities.Housing concerns Affordable housing was a major concern for the majority in the younger demographic – between 15 to 34 – as well as Black Canadians and the South Asian community , the StatCan data showed.
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