Fewer Canadians living from paycheque to paycheque: report
Despite nagging concerns, Canadians' finances have actually improved in the past year, with fewer people living paycheque to paycheque and more even managing to put some money aside, according to a recent poll by the Canadian Payroll Association.
The survey suggests that 42% of Canadians would be in financial difficulty if their pay was delayed by even a week. And, while that's a grim statistic, it's actually the goods news. Last year, 47% said they were just making ends meet.
Either way thiough, that's an alarming number of people who could be one car repair or dental bill away from financial disaster. The survey says 40% of employed Canadians are spending all of – or, in many cases, more than – their net pay.