Financial Security


Over Half (55%, +3) of Canadians Concerned about Impact of Rising Interest Rates on Financial Situation

Rising Cost of Living Further Stretches Households; Nearly Half (47%) Believe Feeding Family Has Become Less Affordable in Past Year
Holidays Survey

A Third (33%) of Canadians Went Over-Budget During the Holidays

Fewer Canadians are feeling positive about their financial health in 2022

35% say that Coronavirus is one of the biggest issues facing their country this month

Recent rise in concern about Covid following the spread of Omicron continues in 2022. Inflation hits record levels of concern according to this month's What Worries the World survey.

Inflation Accelerates into Top-Three Retirement Worries among Canadians

Growing Proportion of Canadians Now Have an RRSP (53%, Up 7 points Since Last Year)

MNP Debt Index Reaches Lowest Level Recorded, Weighed Down by Concerns over Omicron, Renewed Lockdowns, Rising Inflation

Canadian Households Show Weakened Optimism in Financial Future, Even If Financial Situation Unchanged Over Past Few Months
Polling Survey

Finances, Forecasts and Fireworks: Four in Ten (41%) Canadians are Hailing in the New Year with a Resolution about their Financial Wellbeing

Almost Half (48%) are Determined to Pay Off Their Debts Despite Inflationary Pressures, But Are Equally Concerned About the Price of Groceries and Food

Pandemic Paradox: Fewer Are in Debt Yet Many Are Concerned About Affordability

Compared to the pre-pandemic era, Canadians (aged 20-69, HHOLD income $40k+) Are A Little More Reluctant to Spend Money or Go into Debt During the Holiday Season

Many Canadians Using Cash Windfall During Pandemic to Increase Charitable Giving

But K-Shaped Recovery Means that Higher Proportion Have Scaled Back Their Giving (18%), Not Increased It (12%)
Retirement Survey

Living for Today, Not Tomorrow: Majority (54%) Do Not Have A Financial Plan for Retirement.

The Pandemic Has Exacerbated the Situation, Impacting the Retirement Timelines of as Many as One in Four (23%) Non-Retirees.