The release of the poll collides with news that Canadians are dealing with the highest levels of inflation in 30 years.
The Angus Reid Institute poll also found that two-in-five (39%) Canadians say they are worse off now than they were last year.
“Residents in Alberta (49%), Saskatchewan (47%), and Newfoundland and Labrador (47%), are most likely to say they are worse off now than they were last year.”
When Canadians were asked about their expectations for the future, 29% believe their situation will worsen in the next 12 months.
“One-quarter (23%) of Canadians are optimistic that their financial standing will improve in the next 12 months, but more – 29 per cent – say it will worsen.”
Additionally, the poll found that four-in-five Canadians (82%) say that the increase in the cost of living has outpaced any income growth they have seen in their household and that debt remains a major source of stress for 24% of individuals in the poll.