A third of Canadians not saving after paying their bills, poll finds
Almost a third of Canadian households report never or almost never having any money left to save after paying their bills, according to a new study issued Wednesday.
Househoulds that reported no wealth accumulation tended to be working, middle aged people – although varying income levels, says the study by the Certified General Accountants Association of Canada.
“They felt that their incomes were not keeping pace with the cost of living,” said Rock Lefebvre, co-author of the study, which surveyed more than 1,800 people.
Lefebvre said one of the main ways for most Canadians to accumulate wealth is to pay off a mortgage as quickly as possible.
– The Canadian Press
Thursday May 23, 2013
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