Large amount of Canadians still living paycheque to paycheque
Posted by news | Filed under All News Stories
According to the Canadian Payroll Association, fewer Canadians are living pay cheque to pay cheque this year. Despite the decline, a recent survey found 47 per cent of workers still claim they would be in financial difficulty if their pay was delayed by a week. CPA Chair Caroline Bernard says with ongoing stresses, residents still aren’t able to save enough for retirement. Bernard says 41 per cent of respondents say they’ll have to work an average of five more years beyond when they planned to retire. Bernard says two out of every five Canadians are continuing to spend at, or in excess of their net pay.
