Almost half of Canadians polled say they’re just $200 away from insolvency [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Almost half of Canadians polled say they’re just $200 away from insolvency Briefing highlights Going broke Almost half of Canadians polled say they’re dangerously close to insolvency. And their numbers are rising, particularly in Eastern Canada, according to the latest Ipsos survey done for insolvency firm MNP Ltd. MNP has been tracking the number of Canadians who say they’re just $2 or less away from insolvency each month. Story continues below advertisement That percentage now stands at 48 per cent, up from 46 per cent in December, MNP said of the Ipsos survey of almost 2,1 Canadians, conducted in mid to late March. About one in four Canadians say they have no room to juggle their payments at the end of each month, the survey also showed. “When there is this little room in the household budget, people can easily get trapped in an endless cycle of debt,” MNP president Grant Bazian said in releasing the survey this week. “This isn’t simply a matter of people living beyond their
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