50% of Canadians living paycheck-to-paycheck: Equifax

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  • Опубліковано 15 кві 2024
  • Sue Hutchinson, president of Equifax Canada, says that about 50 per cent of Canadians are living 'paycheque-to-paycheque.'
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КОМЕНТАРІ • 78

  • @FreedaPeeple-in2mn
    @FreedaPeeple-in2mn 29 днів тому +62

    They are willing to admit to 50%, so the real number is probably 60 or more.

    • @jameschou888
      @jameschou888 29 днів тому +7

      maybe near 70% given the unemployment and bad job market

    • @gravityfallscanada
      @gravityfallscanada 25 днів тому

      I'm going to faint! 😭

  • @mnoi6788
    @mnoi6788 29 днів тому +42

    Nope, That number is probably around 80%

  • @gregsmith6139
    @gregsmith6139 29 днів тому +30

    More like 90 percent

  • @jumbome7420
    @jumbome7420 29 днів тому +46

    This is what an incompetent government does

    • @user-wo5ku3gi7r
      @user-wo5ku3gi7r 29 днів тому +1

      Get a job, bum. Stop depending on the govt.

    • @alphabeta3233
      @alphabeta3233 27 днів тому

      Please contact me, I've a solution to the problem

  • @Thetruthw
    @Thetruthw 29 днів тому +15

    Canadas a bad place to live I know I was born here Canada gets worse every year

    • @Existence-zy4gb
      @Existence-zy4gb 29 днів тому +1

      You can correct it for it is not too late 😊

  • @Highaltitude45
    @Highaltitude45 29 днів тому +31

    I guess the other 50% must be living on credit and not paychecks

  • @joanie7107
    @joanie7107 29 днів тому +20

    Housing crisis due to stupid policies and incompetence regarding immigration explosion 🤬

  • @peterbutz642
    @peterbutz642 29 днів тому +13

    You don’t have to be stupid to vote Liberal but it sure helps The damage they’ve have done to Canada is going to take years of hard work to repair

    • @seanothepop4638
      @seanothepop4638 28 днів тому

      Not literal work. BOC actually said we were't "producing" enough apparently.

  • @arveedibira2454
    @arveedibira2454 29 днів тому +10

    we should do 50% salary deduction from Trudeau and other officials towards food banks asap 😂😂🤨🤨

  • @gunnerguide5597
    @gunnerguide5597 29 днів тому +25

    This is what you voted for folks. Don't blame the politicians for doing what they TOLD you they would do. Remember our PM saying "forgive me if I don't think about monetary policy", two years ago? None of you cared then. Sounds like you care now though lol.

  • @AussieBodybuilder
    @AussieBodybuilder 29 днів тому +9

    Canada is a sad situation

  • @DolfSmitler
    @DolfSmitler 28 днів тому +3

    I am a Medical Doctor trained and graduated in Canada. I had to leave Canada because it was simply unsustainable for me financially... I Can't believe this figure of 50% at all. If Canadians knew how bad things there would be a massive risk of violent revolt.

  • @user-hn8cx5dt7k
    @user-hn8cx5dt7k 29 днів тому +13

    The budget will destroy itself trudeau

    • @alphabeta3233
      @alphabeta3233 27 днів тому

      Please contact me, I've a solution to the problem

  • @JessicaKeith-uj1jq
    @JessicaKeith-uj1jq 29 днів тому +7

    The cost of living seems to be increasing every year, making it harder to keep up.

    • @AshleyKeith-vw7ws
      @AshleyKeith-vw7ws 29 днів тому +5

      Indeed, it's becoming quite challenging to manage expenses.

    • @EricaWaters-lr6zw
      @EricaWaters-lr6zw 29 днів тому +4

      @@AshleyKeith-vw7ws Indeed, it's becoming quite challenging to manage expenses.

    • @OliverLiam-px3vx
      @OliverLiam-px3vx 29 днів тому +3

      @@EricaWaters-lr6zw I've actually managed to stay ahead of the curve. I'm even contemplating early retirement.

    • @ChloeCarter-kd7gz
      @ChloeCarter-kd7gz 29 днів тому +3

      @@OliverLiam-px3vx Impressive! How did you achieve that?

    • @OliverLiam-px3vx
      @OliverLiam-px3vx 29 днів тому +2

      @@ChloeCarter-kd7gz Our family got introduced to a financial consultant about four years before my dad retired. That was what changed things, and I think my retirement income will be on the right track, luxury cars and trips

  • @shellymorey1732
    @shellymorey1732 29 днів тому +8

    I would love to know how someone who is disabled and unable to work is supposed to get by

    • @kanuduh5234
      @kanuduh5234 29 днів тому +2

      They don't. That's why liberals expanded MAID coverage.

    • @jumbome7420
      @jumbome7420 29 днів тому +2

      It all depends if they are truly disabled or like many just cheating the system

  • @Ont785
    @Ont785 29 днів тому +5

    And the other 50% aren’t living paycheque to paycheck, they are in debt

  • @raylo1913
    @raylo1913 29 днів тому +4

    We are doomed

  • @rickystarduster
    @rickystarduster 29 днів тому +3

    just wait till land lords can mess up your credit by reporting that you were late on your rent.

  • @ludmilamanweiler5986
    @ludmilamanweiler5986 29 днів тому +12

    Welcome to Trudeau's and Singh's Canada 😏

  • @menguardingtheirownwallets6791
    @menguardingtheirownwallets6791 29 днів тому +4

    4% of Canadians are living in their cars as they cannot afford their rental payments now that rents are skyrocketing due to 1.4 million new immigrants/students/foreign-workers flooding into the country, all bidding up the demand for rentals.

  • @Wheelsspin.81
    @Wheelsspin.81 29 днів тому +4

    No 💩🤦

  • @moise7648
    @moise7648 29 днів тому +10

    Third world country.

  • @JSRTales
    @JSRTales 29 днів тому +1

    50% is unbelievable it could be 90% 😢

  • @MrMannyhw
    @MrMannyhw 29 днів тому +2

    No S. Obviously.

  • @heyitsme1323
    @heyitsme1323 28 днів тому +1

    Why the smiling?

  • @davisurdaneta1426
    @davisurdaneta1426 28 днів тому +1

    Canada has the highest household debt in the world to GDP ratio.

  • @kamenidriss
    @kamenidriss 29 днів тому +3

    Wow the future of this country has never looked brighter!

  • @chrisogden7001
    @chrisogden7001 28 днів тому +1

    Over throw the government. Kick the Trudeau family out of Canada

  • @menacexp
    @menacexp 29 днів тому +4

    no thanks to Trudeau and NDP

  • @bingcrosby3822
    @bingcrosby3822 29 днів тому +6

    too much taxes 😢

  • @birdeyecloud6801
    @birdeyecloud6801 29 днів тому +1

    Every thing in Canada costs are very high low incomes gross should be $60000.

  • @JoseLopez-hp5oo
    @JoseLopez-hp5oo 29 днів тому +1

    The reason(s) are simple. Stop building public rentals, disincentive building purpose built rentals by the private sector . Instead build condos, sell them and rent them out. Then print 30% more money to let those with assets lever up! what could possibly go wrong.

  • @rickoleary7060
    @rickoleary7060 28 днів тому

    It's more than 50% I'm hungry

  • @joemelpullan4115
    @joemelpullan4115 5 годин тому

    Almost half of my earnings going to tax... you try to upgrade study got for a student loan so I can live a comfortablt life. No I feel worst paying debt plus almost half my income goes to tax...

  • @arz1977
    @arz1977 24 дні тому

    Another move to support tenant mafia to sit like parasite on hard earned house owners properties

  • @whatdoyouwantfromme1029
    @whatdoyouwantfromme1029 29 днів тому

    It's been like that in Canada since forever and nothing has been done 🇨🇦😑👎🏻

  • @a.g.m.7227
    @a.g.m.7227 28 днів тому

    You will own nothing and you will be happy.

  • @piku5637
    @piku5637 29 днів тому +5

    Normalize co-operatives and labour unions. Workers make the world run, workers should run the world.🌹🍞🌎

    • @wewantmoreboomboom8313
      @wewantmoreboomboom8313 29 днів тому

      Ya if only massive corps run everything.

    • @Ont785
      @Ont785 29 днів тому

      You keep posting the same stupidity.
      The concept of what you’re saying is absolutely ridiculous; everybody in a company is a worker.
      The idea that the person pushing the broom, is more important than the person in accounting is absolutely ridiculous.
      I don’t know why you’re so blind to every worker.
      All workers contribute to the functions of a company. While it’s important to have unskilled labor, it is certainly not difficult to get unskilled labour. Getting skilled trades, and educated personnel is further up the food chain…
      But hey, keep posting the same stupidity

  • @user-wo5ku3gi7r
    @user-wo5ku3gi7r 29 днів тому +6

    As a conservative, I have no pity for you ppl. Get an education and a real job.

    • @trevorchabot864
      @trevorchabot864 29 днів тому

      Stop pretending to be educated. You just sound dumb.

    • @susanstewart1402
      @susanstewart1402 29 днів тому +2

      Many are going broke on $100K salary with no indulgences, addictions, etc. The huge mortgages are a budget killer. Easily $4,500 monthly in GTA plus property tax, utilities, insurance, maintenance.