Debt worries up as higher interest rates and rising cost of living take a toll: MNP - BNN Bloomberg
www.bnnbloomberg.ca
A report by insolvency firm MNP says 52 per cent of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month as higher interest rates and a rising cost of living have stretched budgets.

The report says 35 per cent of those asked say they already don’t make enough to cover their bills and debt payments, up from 30 per cent in April and a record high for the survey. It also says a record 48 per cent of those surveyed are concerned about their current level of debt.

  • Seigest
    2·
    1 year ago

    I had to explain to my bank why I wanted a full liquidity option on my rrsp.

    It’s no longer there for me to spend on my retirement. it there so as a plan B for when the rent goes up again. Or when my job goes away again, or I need to fight another legal battle against a landlord demanding more then they are entitled to. Or my family needs another medical treatment that OHIP no longer covers.

    Retirement is hoping we get somthing like thanatorium from soylent green and I can just check out when I’m too old or tired to work.