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Old 09-26-2012, 09:39 AM   #104
Erick Estrada
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Join Date: Oct 2006
Location: San Fernando Valley
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Quote:
Originally Posted by chemgear View Post
http://www.cbc.ca/news/canada/calgar...is-decima.html


The poll by Harris/Decima asked respondents how confident they were about being able to raise $2,000 within a month if an unexpected need arose.
While 55 per cent said they were extremely or very confident they could raise the cash, 92 per cent said they'd consider borrowing to come up with some of the cash.

One-in-five Canadians surveyed said they believe it would take them two months or longer to come up with $2,000, even if they could borrow. Among those who said they couldn't raise the money within a month, 26 per cent said they couldn't raise the money no matter how much time they were given.

"That's a lot of people who are already at their maximum borrowing capacity," Hoyes said.
Holy smokes that's terrible. I don't consider my wife and I great examples of managing money nor are we elite earners but we always ensure we have >$8k in an emergency savings account at all times.
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