51% of Canadians living paycheque to paycheque. Are you?
For those aged 18 to 29, the number is even higher -- 63 per cent report living paycheque to paycheque.
Meanwhile, more than a quarter of respondents -- 26 per cent -- said they probably could not come up with $2,000 over the next month if an emergency expense arose.
At the end of last year, Canadians owed a total of $27,368 on such things as lines of credit, credit cards and car loans[/QUOTE]
Do you think this is mostly because people are more irresponsible and crave short term gratification without considering the long term consequences? Or is this mainly due to the low interest rates, inflation, and an overpriced housing market?