SAVE FOR A RAINY DAY
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.