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Old 09-08-2011, 10:53 AM   #1
chemgear
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Join Date: Feb 2010
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Default More than half of Canadians living paycheque to paycheque

Probably an extension of the previous threads about people being naive about debt and whether a mortgage is (good) debt or not. 6/10 seems pretty crazy to me though. But by the same token, I know coworkers hauling in six figures that complain about that situation.

http://business.financialpost.com/20...to-pay-cheque/

Two years after the recession officially ended, Canadians continue to struggle to make ends meet.

A new survey from the Canadian Payroll Association found that 57% of Canadians surveyed said they would be in a tough spot if their paycheque was delayed by just one week. What’s more concerning is that that number has remained steady for the past two years. In 2009, when the CPA first released its annual survey of personal financial health, 59% of respondents said they would find it difficult to have their pay held off by a week.

Of the workers surveyed, 40% said they now expect to retire later than planned. Almost half cited lacklustre savings as the main reason behind a delayed retirement.
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