Canadians confident, but less spending
February 8, 2012 | In: Investment News
Canadians hold a positive attitude to their finances in 2012 as the second annual survey on the financial health Interac. But a vast majority of respondents have cut spending.
Nearly three in four Canadians (74%) have cut their non-essential spending, the study said. Also, 72% say they want to stay within budget, and 55% say they want better use of their credit cards.
However, 66% of them said their personal financial health is good or very good. A year ago, they were as much to do the same assessment of their balance sheets. Only 9% feel their financial situation bad or very bad.
The study also indicates that the growing optimism among Canadians. When they were 77% last year to think they can improve their finances, this increases to 81% in 2012.
The survey was conducted from 5 to 12 January 1000 with Canadians aged 18 and older. The sample was weighted to reflect the current composition of the population by region in terms of age and sex.
Related posts:
- 63% of parents have not appointed a guardian for their children
- A third of Canadians are also rich
- Customers concerned about the volatility
- Retirement: one in five spending more than expected
- Retirement: customers still spending
- Volatility: customers fairly resilient
- Canadians want to reduce their debt
- Young customers: 80% want to stay longer with baby
- Tax refunds are about to reach your customers
- Ideal clients, baby boomers business owners?