One in four Canadians are unable to cover an unexpected expense of $500
In fall 2022, over one-third (35%) of Canadians reported that it was difficult for their household to meet its financial needs in the previous 12 months. When asked whether their household had the resources to cover an unexpected expense of $500, 26% said that they would be unable to do so, with a slightly larger percentage of women (29%) reporting this difficulty than men (24%). Further, while the vast majority of Canadians were concerned with rising gasoline and food prices, almost half (44%) said they were very concerned with their household's ability to afford housing or rent.
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