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Debt survey shows divide between higher- and lower-income Canadians during pandemic

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globalnews.ca

COVID-19 health emergency fades, Canadians are reporting very different levels of concern about their debt, according to a recent poll conducted by Ipsos on behalf of debt consultancy MNP.Higher-income households are more likely to say that their debt situation has improved compared to before the pandemic.

Those with lower incomes, on the other hand, are more likely to say things have gotten worse.Younger Canadians, in particular, are more likely to report both that it’s become more difficult to keep up with debt payments and that they’ve accumulated additional liabilities during the pandemic.

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