March 27, 2023

The Queens County Citizen

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Rising cost of living, pressure on cubers

Rising cost of living, pressure on cubers

According to a recent Scotiabank survey, the first economic pressure on Cubans was an increase in the cost of living (50%).

The other two factors that cause financial stress in Cubans are their physical health (46%) and their family members (44%).

Poll results released on Thursday also show that they are particularly concerned about the growth and protection of their investments in the current economic climate (19%). However, 42% of them have been trying to take matters into their own hands since they called a consultant in the last 12 months.

Also, Quebeckers indicated that they spend an average of seven hours a week worrying about the status of their wallets, “many hours far less than all the other provinces surveyed”, we can read. In fact, respondents from Alberta and British Columbia reported an average of 12 and nine from Ontario, while the Canadian averaged 10, “this is a 25% increase from 2020”.

“Most Canadians are worried about their financial situation and, for example, are wondering if they can ever become homeowners or have enough money to pay for their children’s education or for their retirement.” , Explained Boen. Ivanov, Financial Planner and Mutual Fund Brokerage Representative.

The survey was conducted on October 12 and 13, 2021 in 1,521 Canadians.

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