REPORT: Almost Half Of Canadians Are Living Paycheque To Paycheque

A very different story on the economy than we hear from the elites.

A new survey from the Canadian Payroll Association reveals serious economic struggles being faced by Canadian workers.

According to the survey, 47% of Canadians say they would have trouble meeting their financial obligations if their paycheque was delayed by a week.

Additionally, 35% say they feel “overwhelmed” by the debt they are facing.

Mortgage debt is a rising concern, as 32% say that is the toughest debt for them to pay down, while 23% say credit card debt is the toughest.

Rising cost of living

As we know, higher taxes and increased regulations make the cost of living higher. We can see this in the survey results, with 32% saying the top reason for their increased debt is higher living expenses, with 25% saying unexpected expenses are the biggest reason.

As government becomes more expensive and intrusive – and less focused on providing basic services, infrastructure, and security – more money is taken out of the pockets of Canadians, and good jobs become tougher to find.

Despite some short-term growth, the true state of our economy is not good. After all, if the economy was really doing well, we wouldn’t have almost half of all workers living paycheque to paycheque.

Clearly, the economic consensus pushed by the elites has worked well for the beneficiaries of big government and “free trade.” Globalist corporations and banks have expanded in power, and immense wealth has been concentrated in the hands of a few. Yet, the vast majority of working-class and middle-class people have been screwed over, left with rising debt, higher taxes, and precarious jobs.

Until we focus on economic nationalism that apologetically puts our workers and our homegrown companies first above all others, the number of people living paycheque to paycheque will continue to rise.

Spencer Fernando

***

The elites want to hide their many failures behind political correctness, deception, and manipulation. We need to push back and spread the truth.

That’s why I write.

Building this website takes a lot of work, but it’s worth it, and there are two ways you can help:

1 – You can contribute monthly to my Patreon, or make a one-time donation through PayPal.

2 – You can share this article