More than one-quarter of Canadians expect to struggle with bill payments in 2025, and 22 percent anticipate incurring additional credit debt, a recent survey has found.
The survey results were released by credit bureau TransUnion on Jan. 7.
It found that 43 percent of those surveyed expected they would be applying for a new credit card in 2025.
Generation Z, those between 18 and 26 years old, had the highest number who said they would apply for new credit or refinance existing credit in the next year, at 40 percent. Thirty-four percent of Millennials, or those between 27 years and 42 years of age, said they would be looking for more credit or to refinance this year….