Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

iN NUMBERS: British Columbians split on whether to fight financial pressure or avoid it

You might be sick and tired of hearing about the economy, but if you’re stressed about money you are far from the only one.

Most people in B.C. are bracing for a tough financial year, according to the latest MNP Consumer Debt Index.

Here are the numbers:

59: Per cent of British Columbians are adopting a “fight” mentality about dealing with their finances, like budgeting, consolidating debt or getting advice from a professional.
38: Per cent of British Columbians are taking a “flight” mentality by avoiding conversations about money and trying not to think about their bank account.
62: Per cent of British Columbians expect a weak job market in 2026.
73: Per cent of British Columbians expect higher costs of living this year.
60: Per cent of British Columbians expect more housing pressure.
61: Per cent of British Columbians expect a worsening economy.
1,025: Dollars. That’s how much the average British Columbian has left at the end of the month, up $209 from last quarter.
51: Per cent of British Columbians are worried about being able to repay their debts, up 12 points from last quarter.
63: Per cent of British Columbians said they desperately need interest rates to go down.
2.25: Per cent. That’s the Bank of Canada overnight interest rate since October.


News from © iNFOnews.ca, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

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.