59% of Canadians would be in trouble if their pay was delayed by a week - Polidicks

[QUOTE]The recession may be officially over, but six in 10 Canadians are still surviving from paycheque to paycheque, a national survey showed Monday. Fifty-nine per cent of Canadian workers say they would be in financial trouble if their paycheque was delayed by just a week – the same proportion as last year when the economy was still mired in a downturn, according to a poll of 2,766 people by the Canadian Payroll Association. The survey comes as the OECD today warned that record high debt levels have left many Canadians vulnerable “to any future adverse shocks.” Also Monday, a Statistics Canada report showed household net worth fell 0.6 per cent in the second quarter, largely due to falling stock markets. Liabilities of households increased, meantime, led by mortgages and consumer credit. Canada remains a debt nation, owing partly to a flurry of home-buying in this year. Eight in 10 Canadians in the poll say their first or second priority if they were to win a $1-million lottery would be to pay off their debt – an 11-per-cent increase from last year, “indicating that more Canadians are concerned about their debt load than they were a year ago,” the survey said. Younger workers are having the greatest trouble meeting their current expenses, with two thirds of those aged 18-34 saying it would be very difficult, difficult or somewhat difficult for them to meet their current financial obligations if they missed even one paycheque. Among households, the situation is most precarious for single parents, with three quarters saying they would have some trouble making ends meet if their pay were delayed. Top economic concerns among Canadian workers are rising interest rates, not being able to save enough to retire comfortably, inflation and falling back into recession. The poll also found: * Almost two thirds, or 62 per cent, of respondents expect a salary increase but the vast majority, or 83 per cent, also expect their cost of living to rise in the next year. * Almost half, or 47 per cent, are saving 5 per cent or less of their net pay. Sixty per cent of workers have been trying to save more than a year ago, though over half of them have been unsuccessful in doing so. Forty per cent say they’re not even trying to save. * Confidence about economic growth is actually fading. Six in 10 feel the economy in their city or town will improve in the next year, down from 67 per cent in 2009. Workers in Ontario, Quebec and the Atlantic provinces are less confident about their local economies. This is the second annual survey the payrolls association has conducted. The survey was taken between late June and mid-July of this year. [/QUOTE] Source: [url]http://www.theglobeandmail.com/report-on-business/economy/six-in-10-live-pay-to-pay/article1705096/[/url]

Yeah Canadians are one of the most personally in debt people of the western world. It's the common bond that unites us all. :h:

I am Canadian and this true, (NOT for me), everyone loads up on their credit card and don't realize they have to pay it off every month. This is mostly true for students, but I know some friends that have everything. Twice. And I know that they are just in tons of debt. Luckily my parents used to scrimp like no tomorrow, but now after paying off the mortgage and cars etc. We are debtless and out credit rate couldn't be better, because my parents said that they have never missed a bill payment. woot woot smart parents.

BC is the worst for it.

above is true live large on credit

Debt unites us :canada:

At my old job, they switched it from a Z'kota Grille (who?) to Hardee's and it delayed the pay by about a week, plus the check that you got after a week only had 2 days of work on it (so at best you're thinking $150) and then not any more cash for 2 weeks, this fucked people over so bad, it was ridiculous.

What's the percent of Americans that would be in trouble in a similar situation though

[QUOTE=ZekeTwo;24870074]What's the percent of Americans that would be in trouble in a similar situation though[/QUOTE] Zeke trying to turn the attention back to America.. like always.

[QUOTE=RinVII;24870209]Zeke trying to turn the attention back to America.. like always.[/QUOTE] Uhh, I want to compare our situation with our largest trade partner. Take your persecution complex elsewhere, the adults are trying to have a discussion.

[QUOTE=RinVII;24870209]Zeke trying to turn the attention back to America.. like always.[/QUOTE] yeah what the hell zeke what the hell

i got thousands in the bank im pretty good

It's funny how some people who live from paycheck to paycheck waste so much money on going to casinos and crap.

[QUOTE=ZekeTwo;24870229]Uhh, I want to compare our situation with our largest trade partner. Take your persecution complex elsewhere, the adults are trying to have a discussion.[/QUOTE] Blah blah persecution complex. Your argument may have grounds if your inferiority complex wasn't so blatant. Now take your Napoleonic complex elsewhere, the intellectuals are trying to have a discussion.

[QUOTE=RinVII;24870209]Zeke trying to turn the attention back to America.. like always.[/QUOTE] :downsbravo:

what the fuck are you saying rin

[QUOTE=RinVII;24870322]Blah blah persecution complex. Your argument may have grounds if your inferiority complex wasn't so blatant. Now take your Napoleonic complex elsewhere, the intellectuals are trying to have a discussion.[/QUOTE] Wow, I didn't know we had posters quite so stupid on facepunch.

[QUOTE=RinVII;24870322]Blah blah persecution complex. Your argument may have grounds if your inferiority complex wasn't so blatant. Now take your Napoleonic complex elsewhere, the intellectuals are trying to have a discussion.[/QUOTE] Did you just learn of complexes in psychology or something

[QUOTE=RinVII;24870322]Blah blah persecution complex. Your argument may have grounds if your inferiority complex wasn't so blatant. Now take your Napoleonic complex elsewhere, the intellectuals are trying to have a discussion.[/QUOTE] Lol, what.

[QUOTE=RinVII;24870209]Zeke trying to turn the attention back to America.. like always.[/QUOTE] Hey man, I'm curious as to how Canada's situation compares to the US. I've always thought of the US being the ultimate "paycheck to paycheck" country.

[QUOTE=Tetracycline;24870360]Did you just learn of complexes in psychology or something[/QUOTE] Persecution complex is something Zeke uses in 9/10 of his posts so just trying a little bit of a rebuttal.

[QUOTE=RinVII;24870409]Persecution complex is something Zeke uses in 9/10 of his posts so just trying a little bit of a rebuttal.[/QUOTE] That's more like JDK really

[QUOTE=RinVII;24870322]Blah blah persecution complex. Your argument may have grounds if your inferiority complex wasn't so blatant. Now take your Napoleonic complex elsewhere, the intellectuals are trying to have a discussion.[/QUOTE] FUCK YEAH I'M NAPOLEON kickass

[QUOTE=RinVII;24870409]Persecution complex is something Zeke uses in 9/10 of his posts so just trying a little bit of a rebuttal.[/QUOTE] You seem to have an Utter Nonsense Complex.

[QUOTE=RinVII;24870409]Persecution complex is something Zeke uses in 9/10 of his posts so just trying a little bit of a rebuttal.[/QUOTE] I can recall two times I've used that phrase [editline]07:10PM[/editline] [QUOTE=RinVII;24870409]Persecution complex is something Zeke uses in 9/10 of his posts so just trying a little bit of a rebuttal.[/QUOTE] You also successfully turned a thread about economics into a thread about me so good fucking job there

[quote=zeketwo;24870427]i can recall two times i've used that phrase[/quote] napoleon complex, god complex, inferiority complex ad hominem, pot calling the kettle black

[QUOTE=Habsburg;24870422]You seem to have an Utter Nonsense Complex.[/QUOTE] You seem to have an Unfunny Complex. [editline]12:11AM[/editline] [QUOTE=ZekeTwo;24870427]You also successfully turned a thread about economics into a thread about me so good fucking job there[/QUOTE] ty

[QUOTE=Tetracycline;24870457]napoleon complex, god complex, inferiority complex ad hominem, pot calling the kettle black[/QUOTE] RinVII was the first person to use an ad hominem attack in this thread there brochop

...oh

[QUOTE=ZekeTwo;24870427]You also successfully turned a thread about economics into a thread about me so good fucking job there[/QUOTE] I think it would be a hard comparison anyway.