Canadians proceed to battle financially on account of larger prices: RBC ballot


The survey executed for RBC discovered 48% of these requested say they’ll not preserve their lifestyle, whereas 48% additionally say they consider they gained’t ever have the ability to get forward financially.

Whereas inflation has returned to the Financial institution of Canada’s goal of two per cent, the RBC report discovered Canadians are persevering with to battle financially.

The ballot discovered that fifty% of these requested say they’re spending all of their earnings on important payments and bills, whereas 47% say they’ve dipped into their emergency fund or retirement financial savings to assist address rising prices.

It says 60% of these polled are apprehensive they don’t find the money for to cowl surprising bills.

The net ballot commissioned by RBC included 1,515 Canadians questioned between Nov. 1 and Nov. 5, 2024.

The ballot doesn’t embody a margin of error as a result of on-line surveys will not be thought of actually random samples. 

This report by The Canadian Press was first revealed Jan. 23, 2025.

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Final modified: January 23, 2025

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