With inflation skyrocketing in recent days, a majority of Canadians (53%) say they are having trouble keeping up with the cost of living, according to an Angus Reid poll released Monday.
• Read also: Housing crisis: affordable housing is scarce in Saguenay
• Read also: 4.6% GDP growth in Canada in 2021
• Read also: Towards a historic rise in the price of beer
However, this seems to be less the case in Quebec, where barely 41% of respondents agree with this statement. Conversely, more than half of residents in all other provinces say they cannot keep up with the rising cost of living, with highs of 59% in Alberta, Saskatchewan and the eastern provinces. Atlantic.
“There are also demographic differences. A larger proportion of women than men are pressured by increases in the cost of living and indicated they are no longer following. Additionally, people aged 35 to 54 are far more likely than other age groups to be left behind,” reads the survey report.
Unforeseen expenses
On the other hand, many Canadians admit to having a tight budget to the point of not being able to absorb an unexpected expense of $1,000 or more.
In the Atlantic provinces and Saskatchewan, only 39% of respondents said they were financially comfortable enough to absorb such an unexpected expense.
In comparison, 50% of Quebecers and 52% of Ontarians would have no difficulty absorbing it.
To meet the rising cost of living, nearly one in four Quebecers (24%) had to postpone or cancel a trip in the last month and 36% of them had to postpone a major purchase.
“There are many ways that different demographics approach this question. Women are more likely than men to put off a major purchase. Men aged 18 to 34 are the most likely to have given up contributing to an RRSP or TFSA this year to save money at three in ten (28%),” it read.
The poll was conducted Feb. 11-13, using a representative random sample of 1,622 adult Canadian Angus Reid Forum members.
SEE ALSO
Reference-www.journaldemontreal.com