StatsCan released a report on Thursday showing that 45% of Canadians claim the rising cost-of-living, from groceries, to rent, and everything in between, is “greatly affecting their ability to meet day-to-day expenses.”
This percentage is 12 points higher than what it was two years earlier (33%) when the Trudeau Government was handing COVID relief money to virtually anyone who asked.
Among Canadians aged 25-44, this figure jumps to 55%.
Despite Ottawa’s recent housing investment announcements, housing affordability concerns have also increased significantly over the past two years, with 38% reporting being “very concerned” with their ability to afford paying their mortgage, or rent, compared to 30% in 2022.
Moreover, 23% said they may need to rely on food banks, a three percent jump from 2022. And 35% of Canadians described most days of their life as either “quite a bit” or “extremely” stressful due to financial worries.
Food Banks usage way up
Just shy of an F grade, Food Banks Canada has recently given Trudeau and his Liberal government a D- in tackling poverty, having watched in horror as food bank use skyrockets across the country.
“People from all across Canada are facing increasing poverty and unprecedented rates of food insecurity. From coast-to-coast-to-coast, nearly a quarter of people are facing food insecurity, and one in ten live in poverty,” writes FBC.
