The survey achieved for RBC discovered 48% of these requested say they’ll now not keep their lifestyle, whereas 48% additionally say they consider they received’t ever be capable of get forward financially.

Whereas inflation has returned to the Financial institution of Canada’s goal of two per cent, the RBC report discovered Canadians are persevering with to battle financially.

The ballot discovered that fifty% of these requested say they’re spending all of their earnings on important payments and bills, whereas 47% say they’ve dipped into their emergency fund or retirement financial savings to assist deal with rising prices.

It says 60% of these polled are anxious they don’t have the funds for to cowl sudden bills.

The net ballot commissioned by RBC included 1,515 Canadians questioned between Nov. 1 and Nov. 5, 2024.

The ballot doesn’t embrace a margin of error as a result of on-line surveys will not be thought of actually random samples. 

This report by The Canadian Press was first revealed Jan. 23, 2025.

Firms on this story: (TSX:RY)

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Final modified: January 23, 2025

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