Image via Flickr
Strapped for cash after paying your monthly bills? So are about 30 per cent of the households in the country, according to a new Certified General Accountants Association of Canada report.
The report also notes that “25 per cent of Canadian households said they have never or almost never made savings contributions.” Of those households, most were working, middle-aged people. “They felt that their incomes were not keeping pace with the cost of living,” said report co-author Rock Lefebvre.
However, some of the report’s findings seem to suggest that Canadians aren’t overly concerned about their finances, as more than 70 per cent of households surveyed said they didn’t think wealth accumulation was very important.
The numbers are based on the results from a survey of more than 1,800 people across the country.
Josh Sherman is an intern at Toronto Standard. You can follow him on Twitter at @joshuaxsherman.