High inflation sees more Canadians living paycheque to paycheque

September 30, 2022

More than three-quarters of Canadians (78 per cent) say their personal finances have worsened due to inflation,

And just over half (54 per cent) say they’re living pay cheque to pay cheque – an increase of three percentage points over 2021, according to a survey released by BDO Canada.

“With inflation and rising costs, affordability challenges have returned to, and in some cases, surpassed pre-pandemic levels. It’s concerning to see that Canadians are experiencing more financial difficulties today compared with the last three years,”says Nancy Snedden, national leader of the BDO Debt Solutions practice.

Source: HR Reporter