1 in 3 Canadians Report Being in ‘Bad’ or ‘Terrible’ Financial Shape: Survey

1 in 3 Canadians Report Being in ‘Bad’ or ‘Terrible’ Financial Shape: Survey
People shop at a grocery store in Montreal on Nov. 16, 2022. The Canadian Press/Graham Hughes
Marnie Cathcart
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One-in-three Canadians say they are in rough financial shape, and two-in-five are dipping into their savings to get by, according to a recent survey by the Angus Reid Institute.

“More than a year into a stubborn and persistent cost-of-living crisis, a considerable number of Canadians have progressed from belt-tightening on spending to drawing on existing savings to make ends meet,” the institute said in an April 6 news release.