By The Canadian Press
TORONTO - Nearly 60 per cent of Canadians would have trouble paying the bills if their paycheque was delayed by one week, a new polls suggests.
The Canadian Payroll Association survey says not only are the majority of Canadians living paycheque-to-paycheque, but they have little ability to put money away for their retirement. The survey, released Monday, said 59 per cent of Canadians would have trouble making ends meet if they missed a paycheque.
"We were surprised that people were that close to the line," said Patrick Culhane, president and CEO of the not-for-profit association.
Culhane said those results are despite the common advice from financial planners that people should set aside three months of expenses for such items as rent, groceries and monthly bills, in case of an emergency.
Of those surveyed, the younger workforce felt the greatest pinch. The survey said 45 per cent of people aged 18-to-34 would be difficult or very difficult to make ends meet if a paycheque were delayed. Another 21 per cent in that age group said it would be somewhat difficult.
Not surprisingly, 72 per cent of single parents said missing a paycheque would cause a problem for meeting financial obligations.
LINK HERE
"We were surprised that people were that close to the line," said Patrick Culhane, president and CEO of the not-for-profit association.
ReplyDeleteIf the clown visited this planet more often, he would have known.
At least these Canadians don't have to worry about losing their health insurance, aye?
ReplyDeleteThis simply means that the operant conditioning expirement of the past 10 years converting Americans and Canadians from savings and equity minded producers into mindlessly trusting debt slaves has worked fabulously.
ReplyDeleteKudos to everyone involved.
Canadians do loose their medical care. Politicians spend money on BS and then cut medical services instead of their salaries.
ReplyDeleteWhat the hell is a paycheque? eh?
ReplyDeleteCanadians are in bad shape. They may crash as hard as the USA. At least they aren't blowing billions on occupations and Empire.
ReplyDelete11:25 you say the Canada may crash like the US but, the US has not crashed and will not.
ReplyDeleteWrong. It is just a matter of when.
ReplyDelete8.22pm who the hell are you trying to kid , everyone i know is on the edge , and here not many people have great amounts of debt either , the whole productive capacity of this province has shut down , so as B.C , Alberta (wich whom all my friends have come back ) , Ontario , everything is shut or is talking about being shut, just because you work in financial services ripping people off making you big $$ , doesnt mean thats the general sentiment , just wait til everyones credit card is maxed out or slashed down , . You are a shill . Sie weißen doch nicht, you know of nothing
ReplyDeleteSheiße, Halt den Mund, Arschloch
Canada will crash harder then the U.S , 80% of our economy is based on the U.S consumer , We only consume 20% of what we make and produce , the rest was shipped of to U.S , so tell me , where are the green shoots for us, Just becasue some Aßhole on t.v says things are good it is wrong , look at real financial data, charts , thats where the truth is !!! so before any of you spew some RECOVERY B.ß , think twice about coming here with your propaganda , we do great research before posting , we are an informed BLOG !! you dont like our blog , go on MSNBCs blog , im shure youll learn of the great truth over there
ReplyDeleteAmerica hasn't crashed yet I live in an affluent suburb and night before last I hosted a young homeless couple for the night.
ReplyDeleteThey where thrown out of a house they where renting because the owner had defaulted and they didn't know. The owner took their money
and ran.
Last night, my next door neighbor removed all their possessions from their home in a hurry at midnight due to foreclosure.
The once 1/4 million house across the street from me was foreclosed and turned into section 8 housing by the bank.
My neighborhood is turning to crap fast.
About 50 % of my neighbors are unemployed.
Yeah. Hasn't crashed.
Are there any news reports on TV about how bad things are now in Detroit? or Las Vegas?
or LA? Or NYC?
Nope.
Just like there where no protesters in Washington on Saturday.
Trex...You've got your numbers messed up as most people do. The GDP in Canada is 60% consumer spending, 70% in the U.S. You are referring to something different. 80% of our exports ship to the U.S....not 80% of our GDP
ReplyDelete