Sunday, September 27, 2009
Majority of Canadians Living Paycheque to Paycheque
Nearly 60 per cent of Canadians would have trouble paying the bills if their paycheque was delayed by one week, a new polls suggests. The Canadian Payroll Association survey says not only are the majority of Canadians living paycheque-to-paycheque, but they have little ability to put money away for their retirement. The survey, released Monday, said 59 per cent of Canadians would have trouble making ends meet if they missed a paycheque. "We were surprised that people were that close to the line," said Patrick Culhane, president and CEO of the not-for-profit association.