In March 2023, almost half of the population in Canada felt that their financial situation had worsened compared to the previous year. Conversely, 15 percent of people surveyed felt they were better off than they were a year earlier. In addition, just over one-third of Canadians felt their financial situation had remained the same.
In 2022, more than half of Canadians said they could no longer cope with the cost of living.
All things considered, do you think you are financially better off or worse off than you were a year ago?
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Angus Reid Institute. (March 20, 2023). All things considered, do you think you are financially better off or worse off than you were a year ago? [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1374293/canadians-assessment-financial-situation-compared-previous-year/
Angus Reid Institute. "All things considered, do you think you are financially better off or worse off than you were a year ago?." Chart. March 20, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1374293/canadians-assessment-financial-situation-compared-previous-year/
Angus Reid Institute. (2023). All things considered, do you think you are financially better off or worse off than you were a year ago?. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1374293/canadians-assessment-financial-situation-compared-previous-year/
Angus Reid Institute. "All Things Considered, Do You Think You Are Financially Better off or Worse off than You Were a Year Ago?." Statista, Statista Inc., 20 Mar 2023, https://www.statista.com/statistics/1374293/canadians-assessment-financial-situation-compared-previous-year/
Angus Reid Institute, All things considered, do you think you are financially better off or worse off than you were a year ago? Statista, https://www.statista.com/statistics/1374293/canadians-assessment-financial-situation-compared-previous-year/ (last visited August 24, 2024)
All things considered, do you think you are financially better off or worse off than you were a year ago? [Graph], Angus Reid Institute, March 20, 2023. [Online]. Available: https://www.statista.com/statistics/1374293/canadians-assessment-financial-situation-compared-previous-year/