Quebecers more resilient to inflation

Quebecers more resilient to inflation

UPDATE DAY

Quebecers remain the most resilient in the country to inflation, shows a new poll by Angus Reid showing that people in Quebec are less concerned about reducing their spending than those in other provinces.

Thus, 42% of Quebecers said they had cut non-essential spending in recent months, a rate far below the national average of 57%.

In fact, Quebec is pulling towards below the Canadian average, with other provinces showing rates of citizens reducing non-essential spending ranging from 58% in British Columbia to 70% in Saskatchewan.

< img class="aligncenter" src="/wp-content/uploads/2022/08/1fba060d01a9c54143703190cb267574.png" alt="Quebecers more resilient to inflation" />

Quebecers more resilient to inflation

Conversely, 30% of Quebecers surveyed even stated that they had taken no action to reduce their expenses in recent months, whether by postponing a trip, reducing their non-essential expenses, driving less, reducing their donations to charities or delaying a major purchase. By comparison, only 17% of Ontarians said they had taken no action.

More broadly, 55% of Quebecers have assured that they are able to meet the cost of living, against 41% who cannot keep pace. Quebec is the only province where more than half of the population say they are able to cope with inflation, with the Atlantic provinces and Manitoba tied for second place with 38% of respondents able to manage inflation. rising cost of living.

Optimism

In addition to ignoring inflation to a greater extent than elsewhere in the country, Quebecers are also more confident than their compatriots.

In particular, only 29% of residents of La Belle Province fear that they or someone close to them will lose their job due to economic turbulence, compared to 36% of Canadians .

Only 28% of Quebecers also consider that their debt is too heavy to bear, a burden that weighs on 39% of Canadians.

The responses to the survey were collected online from 2279 Canadian adults, August 8-10.