Canadians living pay cheque to pay cheque, challenged by debt and economy, payroll survey finds
Author: Canadian Payroll Association
Topic: Financial well-being
Location: Canada
Format: Article
Content Type: Research
Publication Date: September 30, 2016
For many Canadians, the road to a comfortable retirement is becoming longer and more difficult. A large portion of the working population is living pay cheque to pay cheque, unable to save, and worried about their local economy, according to the Canadian Payroll Association’s eighth annual Research Survey of Employed Canadians, released today ahead of National Payroll Week. The survey of more than 5,600 employees across the country reveals that only 36% expect the economy in their city or town to improve, down from an average of 39% over the past three years and off significantly from 66% in 2009 when the survey was first launched.
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