More Middle-Income Canadians Reporting High ‘Precarity’ in Their Financial Situation Since March, Poll Finds

Middle and upper-income Canadians are becoming increasingly anxious about their economic future, fuelled by fears of economic insecurity, worsening housing affordability, and long-term worries about Canada’s wellbeing, according to a new poll.

The number of individuals who say they are in a highly or extremely precarious financial situation has significantly increased since March of this year, and now accounts for approximately half the country, according to a new poll conducted by Abacus Data from July 31 to Aug. 7. Meanwhile, those who reported low precarity dropped by nearly half during the same timeframe, from 9 percent to 5 percent.