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Residing paycheque to paycheque? Just Exactly Exactly How Canadians make do

Residing paycheque to paycheque? Just Exactly Exactly How Canadians make do

Are you aware that 47% of Canadians live paycheque to paycheque?

Essentially 50 % of us are one payday far from some pretty straits that are dire. Missed car re re payments, a clear refrigerator, or credit cards bill which could bring many of us to your knees. Those will be the known facts for the predicted seventeen million, six hundred and seventy-three thousand Canadians. I hadn’t grasped the size, depth and, frankly, the nightmare of this problem until I began researching for this piece. Yes, I’d heard stats in the news like, “the typical Canadian spends roughly $1.77 for each and every buck made,” but had never really considered that for all, lots of people, the need to borrow cash is merely a real possibility. And a pretty regular one too.

While all of us at KOHO had been developing the Early that is new Payroll, we surveyed just shy of 500 Canadians and discovered that 86% had been brief on money for everyday costs. Obviously, this made me interested in learning exactly what Canadians are making use of to shut the space between costs and their next paycheque. Continue reading