'A lot of people who are struggling feel lost and isolated, making their situation even more stressful.'
Dealing with financial challenges can be an emotional issue and a new survey is showing the extent to which debt stigma is impacting B.C. residents.
“Most people find it very difficult to talk about debt and the financial challenges they’re facing, let alone the strategies for overcoming debt,” Nancy Snedden, national leader of the BDO debt solutions practice, said in a Nov. 6 statement. Exactly half of B.C. survey respondents said that they don’t plan on discussing their debt with anyone. This is the highest level among the provinces.
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