One in five B.C. residents can't cover an unexpected $500 bill, poll shows

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One in five B.C. residents can't cover an unexpected $500 bill, poll shows
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Almost half of British Columbians surveyed reported being very concerned with their ability to afford housing or rent.

More British Columbians report being in a position to cover an unexpected expense of $500 than their fellow Canadians, according to a Statistics Canada poll released Feb. 13.

There is a slightly larger percentage of women reporting this difficulty than men and younger people are more vulnerable to such a shock, as 35 per cent of people aged 35 to 44 years said that they would be unable to cover the expense, compared to 30 per cent of people aged 45 to 54. The Canadian Social Survey also polled respondents on housing prices and high price inflation on goods and services experienced in 2022.

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