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iN NUMBERS: British Columbians deal with ‘economic whiplash’

Worlds events have created economic uncertainty and British Columbians are feeling the financial pressure.

Economic conditions are changing so quickly, households can’t keep up and that creates “economic whiplash.”

Here are the numbers from the MNP Consumer Debt Index:

  • 70: Per cent of British Columbians polled said rising food and gas prices are putting a strain on their households.
  • 83: Per cent of British Columbians polled are more cautious about taking on new debt.
  • 52: Per cent of British Columbians said they’re experiencing “financial whiplash” as economic conditions constantly change and disrupt plans.
  • 67: Per cent of British Columbians polled said that they’re cutting back on spending.
  • 56: Per cent of British Columbians polled said they’re working harder but aren’t getting ahead.
  • 63: Per cent of British Columbians polled said they’re delaying big financial decisions with such an unpredictable economy.
  • 1,245: Dollars. That’s how much the average British Columbian has left from their paycheque at the end of the month, an all time high and the highest out of any province.
  • 10: Per cent of British Columbians expect to owe taxes they won’t be able to pay.
  • 37: That’s the percentage of BCers surveyed who say they are $200 away from running out of money each month.

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Jesse Tomas

Jesse Tomas is a reporter from Toronto who joined iNFOnews.ca in 2023. He graduated with a Bachelor in Journalism from Carleton University in 2022.