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Many Albertans Living Paycheque to Paychequein Media Centre
According to the survey, 47% of working Canadians and the same percentage of Albertans said they would find it difficult to meet their financial obligations if their paycheque was delayed by even a single week. On a national level, the survey shows higher numbers: 55% of millennials in their 30s and 51% of Gen Xs in their 40s.
The survey does confirm the high levels of spending and low rates of savings among Albertans. The survey shows that 41% of employees in Alberta spend all of or more than their net pay and that 39% of Alberta respondents save 5% or less of their earnings, well below the recommended 10%.
In addition to this, to show an even clearer image of just how Albertans are financially struggling, the survey says 19% of Albertans and 22% nationally would not be able to come up with $2,000 within a month for an emergency expense.
Are you one of these Albertans dealing with high levels of debt and spending? What can you do?
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