46% of Canadians are $200 away from not being able to pay their bills, a survey says, and many fear more economic pain ahead. Read more.
“For lower-income Canadians, many cannot find a financial comfort zone,” Bazian said. “Many are hesitant to reach out for help due to the stigma of bankruptcy, which only prolongs the financial stress and can lead to more serious problems like wage garnishments and harassment by collection agencies.”
“Whether expecting the worst or hoping for the best, Canadians should be proactive about managing their debt,” Bazian said. Indeed, 52 per cent prefer cleaning their bathroom and toilet over creating a budget, and 40 per cent are avoiding looking at finances or setting a budget altogether.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Posthaste: Canadians fear worst yet to come for economy as high interest rates take financial toll46% of Canadians are $200 away from not being able to pay their bills, a survey says, and many fear more economic pain ahead. Read more.
Read more »
Posthaste: Owning a home could be the difference between millennials retiring or notIf millennials rent throughout their working lives, then they must save a lot more than homeowners in order to retire in their 60s. Read on.
Read more »
Posthaste: Owning a home could be the difference between millennials retiring or notIf millennials rent throughout their working lives, then they must save a lot more than homeowners in order to retire in their 60s. Read on.
Read more »
Posthaste: Owning a home could be the difference between millennials retiring or notIf millennials rent throughout their working lives, then they must save a lot more than homeowners in order to retire in their 60s. Read on.
Read more »
Posthaste: Owning a home could be the difference between millennials retiring or notIf millennials rent throughout their working lives, then they must save a lot more than homeowners in order to retire in their 60s. Read on.
Read more »
Posthaste: Retiring at 65 to enjoy life of leisure a thing of the past for many CanadiansHalf plan to take on part\u002Dtime gig work to make ends meet in retirement, survey says
Read more »