OTTAWA — One\u002Dthird of Canadian households say their financial situation has worsened over the last year, with families in lower income brackets more likely to…
According to a Leger poll commissioned by the Association for Canadian Studies, 34 per cent of Canadian households say they’re financially worse off compared with a year ago.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.
“People … in lower income brackets are finding the pinch particularly difficult in terms of the effects of the inflation and higher interest rates and so forth,” Jedwab said. Economists say lower-income households are especially vulnerable to inflation because they save less, leaving less of a buffer in the face of high inflation. That means higher prices take a larger bite into their budgets.This advertisement has not loaded yet, but your article continues below.The survey also found Quebecers were the least likely to report their financial situation has worsened, while respondents in British Columbia were the most likely to report being worse off.
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