Financial Security Stats


In Canada:
  • 31% of Canadians don't make enough money to cover their monthly expenses.
  • More than half say they are within $200 away from not being able to pay their bills.
  • 47% of Canadians aged 55 to 64 have no employer pension. And the median value of their retirement savings is only $3,000
The United States picture is even gloomier.
  • 40% of Americans struggle to pay their bills on time.
  • The average American household carries $16,000 in credit card debt.
  • 44% say they could not cover an unexpected expense of $400.
Credit: Saving Your Future


Previous
Next Post »