Navigating Financial Stress: Solutions and Support from Coffeeandmortgage.ca
October 4, 2023 | Posted by: Kiruban Kana
As the financial stress on Canadians intensifies with factors like inflation, rising interest rates, and the cost of living, it's crucial to seek proactive solutions. The survey by the National Payroll Institute reveals a significant 20% increase in the number of Canadians considering themselves financially stressed, now standing at 37% overall. Many are grappling with saving money, as 63% use their entire net pay to cover expenses. Among those feeling financially stressed, a substantial 66% are living paycheck to paycheck, and half feel overwhelmed by debt. This economic strain is also seeping into work performance and personal lives, with 40% reporting a negative impact on their work, and 55% feeling more isolated due to rising living costs.
In these challenging times, Coffeeandmortgage.ca, a trusted mortgage brokerage, stands ready to assist. Our expertise in mortgage refinancing and financial planning enables us to provide tailored solutions. From consolidating debt to optimizing cash flow, we can help alleviate financial pressure.
With Coffeeandmortgage.ca, you're not alone in facing these economic uncertainties. We're here to guide you towards a more stable and secure financial future.
article referance: https://globalnews.ca/news/10001501/canadians-financial-stress-money/
CoffeeandMortgage.ca
Kiruban Kana - Top 5% in Canada
Ex-Banker | Vice President & Mortgage Agent Level 1
C: 416-219-4820 | kiruban@coffeeandMortgage.ca
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