54% of Albertans would have difficulty making ends meet

54% of Albertans would have difficulty making ends meet
54% of Albertans would have difficulty making ends meet

According to the results of a recent survey, 54% of Albertans say they experience difficulty meeting their household expenses every month. Visible minorities, young people, parents, people with a low level of education or those residing in rural areas would be among the social categories most in difficulty.

Ordered by CBCthe survey was carried out by Trend Researcha firm established in Edmonton, under the direction of Janet Brown Opinion Research.

The economic aspect linked to daily expenses clearly stands out in the responses.

According to Janet Brown, which carries out similar surveys for CBC since 2018, there has been a fundamental change in the results since that date.

I don’t usually see data change this drastically from year to year. This is not a flash in the pan. There has been a significant change in the way people view the economy.

A quote from Janet Brownsounder

Thus, 37% of those surveyed declared that it was quite difficult to pay their bills, and 17% said it was very difficult. Previously, the highest rate of “very difficult” responses was recorded in March 2020, when 12% of Albertans felt this way.

Methodology

The random survey was conducted among 1,200 Albertans using a hybrid method (emails and phone calls) between 1er and May 15. The sample is representative of regional factors, age and gender. The margin of error is +/- 2.8 percentage points, or 19 times out of 20. For subsets, the margin of error is greater.

The most affected categories

Subgroups of respondents most likely to have difficulty meeting their monthly expenses include:

  • visible minorities (71%);
  • people who think the economy is getting worse (69%);
  • people identifying with the center or left of the political spectrum (67%);
  • young people aged 18 to 24 (67%);
  • people living in rural areas of central Alberta (64%);
  • people with a high school education or less (63%);
  • parents with children at home (63%);
  • Edmontonians (58%);
  • women (57%).

Age, an important factor

The survey also highlights differences according to age. For example, a majority of people under 45 said it is difficult to pay their monthly bills, while a majority of respondents 45 and older said it is easy to pay their monthly bills. invoices.

Start of widget. Skip the widget?

End of widget. Return to start of widget?

Janet Brown believes this is linked to the cost of housing, which has increased rapidly in Alberta due to the recent population boom. The older you are, the more likely you are that your house is paid off or about to be paid off.

Age is therefore a predictor of how people feel, because the older you are, the more likely you are to have strong assets and benefit from high property prices. The younger you are, the more difficult it is to enter the housing market.

A quote from Janet Brownsounder
>>>>

Open in full screen mode

The large flow of people settling in Alberta from other provinces contributes to the pressure on the housing market, underlines an expert.

Photo: Radio-Canada / David Gray

Housing in the background

Mark Parsonschief economist at ATB Financialnotes that Albertans are still affected by increases in housing costs due in particular to interprovincial immigration.

“More and more people are arriving in Alberta from other provinces, which is putting additional pressure on the housing market,” he analyzes.

It’s the costs of rent and mortgage interest that are really driving up overall inflation right now.

A quote from Mark Parsons, ATB Financial

While pointing out that there is always had an undercurrent of people in trouble, Janet Brown maintains that, today, people in difficulty are the majority in view of the figures from the new survey, which have changed dramatically in just a few years.

The political challenge for the government is therefore: how to solve this problem for people who have difficulty finding housing? How can we solve this problem for people who have difficulty finding adequate housing without penalizing seniors who rely on their home equity to fund their retirement?

A quote from Janet Brownsounder

With information from Robson Fletcher

-

-

PREV Murder of a homeless man in Vannes: the alleged perpetrators had already stabbed one the day before
NEXT In Eure, the Minister of the Armed Forces will chair the commemoration of the June 18 Appeal