MNP Consumer Debt Index: Canadians Caught in the ‘Pre-Spent Paycheque’ Cycle as Financial Pressures Drive ‘Lifestyle Shrinkflation’

Three in five (61%) say at least half of their income is already committed to bills, debt payments and regular expenses before it arrives, while one-third (32%) say most of their paycheque is already spoken for.  Almost two in five (37%) say they are struggling to get ahead, and more than one in three (35%) […]