Despite Interest Rate Cuts, More Than 1 in 4 Canadians Expect to be Unable to Pay Bills – Yet More Than 1 in 5 Plan to Take on More Debt

Inflation continues to be a leading concern for 82% of Canadians, with 44% of those surveyed reporting that their household finances are worse than anticipated in 2024Key findings from the TransUnion® report: Household financial strains most felt among Gen X (51%), as this generation nears retirement.Housing prices of concern to 57%, with only 14% intending to take out a new mortgage in the next 12 months, and 15% considering refinancing their property.Millennials hold largest share of debt at $911 billion. ...