Nearly half of Canadians say rising prices make it harder to cover daily expenses

The feeling was most prevalent among young adults, who were more likely to report daily financial stresses and expectations to obtain food from a food bank.

Nearly half, or 45 per cent, of Canadians say rising prices are “greatly impacting” their ability to meet day-to-day expenses, which is 12 percentage points higher than two years ago, according to a Statistics Canada study.

The feeling was most prevalent among young adults, who were more likely to report daily financial stresses and expectations to obtain food from a food bank. Among those who said they were stressed about money “most days,” just one in five people reported a high level of life satisfaction.

The study, which compiled responses from Canadians gathered in the spring, was published on Thursday (Aug 15).