Residing paycheque to paycheque? Just How Canadians make do

Residing paycheque to paycheque? Just How Canadians make do

Are you aware that 47% of Canadians reside paycheque to paycheque?

Essentially 1 / 2 of us are one payday far from some pretty straits that are dire. Missed car re payments, an empty refrigerator, or credit cards bill that may bring some people to the knees. Those would be the facts for an approximated seventeen million, six hundred and seventy-three thousand Canadians. Until we started researching with this piece, we hadn’t grasped the dimensions, level and, honestly, the nightmare with this issue. Certain, I’d heard stats regarding the news like, “the typical Canadian spends roughly $1.77 for almost any buck made,” but had hardly ever really considered that for several, people, the need to borrow cash is merely a real possibility. And a pretty regular one too.

While we at KOHO had been developing the new Early Payroll feature, we surveyed just shy of 500 Canadians and discovered that 86% were brief on money for everyday expenses.Continue reading