Nearly half of Canadians say rising prices make it harder to cover daily expenses
18-Aug-2024The feeling was most prevalent among young adults, who were more likely to report daily financial stresses and expectations to obtain food from a food bank.
Nearly half, or 45 per cent, of Canadians say rising prices are “greatly impacting” their ability to meet day-to-day expenses, which is 12 percentage points higher than two years ago, according to a Statistics Canada study.
The feeling was most prevalent among young adults, who were more likely to report daily financial stresses and expectations to obtain food from a food bank. Among those who said they were stressed about money “most days,” just one in five people reported a high level of life satisfaction.
The study, which compiled responses from Canadians gathered in the spring, was published on Thursday (Aug 15).
