Study: Rising prices and the impact on the most financially vulnerable: A profile of those in the bottom family income quintile

In the face of rising consumer prices, close to half (44%) of Canadians in 2022 were very concerned about their ability to meet day-to-day expenses.

Feeling worried about the impacts of inflation on food, housing and other expenses was greatest among the lowest income Canadians, where more than 6 in 10 (63%) in the bottom household income quintile were very concerned. This proportion was over three times higher than those in the top income quintile (19%).

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