When it comes to money, there is no shortage of financial stressors keeping Canadians up at night even though the majority think they have their financial goals on track.
An Ipsos poll conducted on behalf of Interac Association finds 73% of Canadians think they are on track to meet their financial goals either as is or with only minor adjustments, but this isn’t leaving them stress-free. Nearly two in three Canadians (65%) believe they have financial habits to improve and those same habits have Canadians worried.
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More than two in five Canadians (43%) say not saving money is their most stressful financial habit, while 25% say overspending or living beyond their means tops their list of worries. Other top concerns include not sticking to a budget (17%), accumulating debt (17%) and failing to pay monthly credit card bills in full (16%).
The also finds that a majority of Canadians (66%) have reviewed their financial goals in the last six months.
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Forty-three percent say saving for retirement topped their overall list, with saving for a dream vacation (33%) following closely behind. Only one in 10 respondents say they don’t have any financial goals identified.
Other top financial goals identified include: repaying loans (32%), purchasing a vehicle (31%), paying a mortgage (29%), purchasing a house or condo (22%), saving for a life event (18%), and saving for their children’s education (18%).
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