While Canadians are looking forward to doing the things they haven’t been able to do in a long time, when it comes to their finances, they’re planning to continue with some saving and spending habits established during the pandemic.
Have Canadians been able to save?
- 46% of Canadians say they have been able to save more money during the pandemic than in a more typical year
- 56% of 18- to 34-year-olds have been able to save more money during the pandemic, compared with 46% of those ages 55+ and 41% of those ages 35-54
- 49% of Ontarians say they’ve been able to save more money than usual vs. 38% of Atlantic Canadians (NL, PE, NS, NB) who have been able to save more than usual
This article originally appeared in Advice Matters.
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An online survey was conducted by Maru Blue on behalf of Scotiabank from April 16 to April 18, 2021. A total of 1,517 randomly selected Canadian adults who are Maru Voice Canada panelists were selected for the survey.