SAVE FOR A RAINY DAY

The Guardian (Charlottetown) - - FRONT PAGE -

An Ip­sos poll con­ducted in June on be­half of MNP Debt has found that 31 per cent of At­lantic Cana­di­ans are con­cerned that they or some­one in their house­hold could lose their job. With so many fam­i­lies al­ready in the red, un­ex­pected life events like a job loss can throw house­hold fi­nances into a tail­spin. Men and baby boomers are more likely to be con­fi­dent about cop­ing with un­ex­pected life changes with­out in­creas­ing their debt, while women and younger Cana­di­ans are less con­fi­dent. De­spite At­lantic Cana­di­ans’ ap­pre­hen­sion about “rainy-day” sce­nar­ios, most are broadly op­ti­mistic about how their debts have evolved and the fu­ture di­rec­tion they’re likely to take. Nearly three in 10 At­lantic Cana­di­ans (28 per cent) think their debt sit­u­a­tion has got­ten bet­ter rather than worse com­pared to five years ago, while 44 per cent say it’s about the same.

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