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Many Canadians live paycheque to paycheque, but won't give up some luxuries: study

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Summary

Women more likely than men to be just scraping by

Despite lack of cash, we refuse to give up Internet, smartphones, cars

VANCOUVER (NEWS 1130) – Are you anxiously awaiting payday?

A new study finds a third of Canadians are living paycheque to paycheque.

Mary Lorenz with CareerBuilder.ca says women are more likely than men to be just scraping by.

“Thirty-four per cent of workers say they’ve missed a payment in the past year,” she adds. “Seventeen per cent said they missed payments on smaller bills, while three per cent actually have missed… mortgages, car payments, student loans — things like that.”

Lorenz tells us despite our lack of cash, there are some things we refuse to give up.

“Some people just are not willing to give up their Internet connection — that was number one. Smartphones… was number two. People aren’t willing to give up driving [or] travelling.”

The study finds only 17 per cent of workers across the country have never lived paycheque to paycheque.