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Nearly half of Quebecers say they feel financial pressure

Nearly half of Quebecers say they feel financial pressure

With rising costs of living, inflation and uncertainty associated with interest rate increases, 48% of Quebecers say they are feeling financial pressure, according to a recent study by Centraide of Greater Montreal.

Worse still, the vast majority of participants, 86%, suffer from financial anxiety to varying degrees.

The survey was conducted in collaboration with Léger to understand Montrealers' greatest concerns.

According to this survey, financial distress is increasing compared to the numbers six months ago.

In an interview on the program Quebec morningCentraide Greater Montreal CEO Claude Pinard points out that the number one item that most impacts financial security is housing.

“If you use 50% of your income to pay for your housing […] This is where it gets difficult.

He continued: “It is important for us to help people so that they can live in dignity.”

He does not see the trend reversing.

“We have not seen the economic slowdown we expected and the unemployment rate is still very low,” he said. The numbers are alarming [mais] It could be worse.”

  • Listen to the full interview above.
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