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Ongoing pandemic worrying Canadians about finances: poll

Last Updated Apr 7, 2020 at 10:37 pm PDT

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Summary

It looks like the ongoing pandemic has a lot of Canadians worried about their pocketbooks

A survey suggests 52 per cent of those polled have worried 'frequently', or 'occasionally', about their savings

VANCOUVER (NEWS 1130) — A recent survey suggests more Canadians are worried about certain aspects of their finances now than they were in 2008, during the global financial crisis.

According to data from polling firm Research Co, 51 percent of Canadians surveyed in September of 2008 said they weren’t worried at all about being able to pay their mortgage or rent, but that number in April of 2020 is down to 41-percent.

The big issue concerning Canadians is the safety of their savings, where about 52 per cent of those surveyed said they had worried frequently or occasionally about it during the past month.

In B.C., being able to pay rent or mortgages topped the list at 46 per cent, and in Alberta, 52 per cent worry about unemployment affecting their household.

Nationally 37 per cent of Canadians say they’re worried about their employer running into financial trouble during this pandemic, but it appears to be stressing out younger people more.

More than 50 per cent of people between 18 and 34 say it’s an issue compared to 20 per cent of people 55 and older.