More than half of Canadians describe themselves as “financially paralyzed” and nearly as many report insufficient funds to sustain their current standard of living, a new survey suggests.
A new Royal Bank of Canada (RBC) poll found that 55 percent of those surveyed reported feeling financially stuck while 48 percent said they lack the necessary funds to sustain their current living standard. An additional 29 percent said their finances are “in a constant state of chaos.”
The national survey uncovered that many Canadians are not only stretched thin financially, they are experiencing significant anxiety because of it, said RBC regional financial planning support director Craig Bannon….