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More Canadians Are Financially Stable, Finding New Ways to Save Money in 2020: Poll
While the COVID-19 pandemic has caused a sharp increase in the unemployment rate in 2020, more Canadians said they are financially stable compared to the previous year.
Roughly 23 percent of Canadians said they don’t have any barriers to financial stability, which is a 5 percent increase compared to the same period of time in 2019, according to a Global News Ipsospoll.
The survey revealed that most Canadians have found new ways to save money in the past year. Roughly half of the participants said they cut back on expenses by either buying less “non-essential” products or by spending less on food and clothing.