Recent interest hikes have Albertans increasingly worried they won’t be able to cover their monthly expenses, according to a survey by the national personal insolvency firm MNP Ltd.
The consumer debt index conducted by Ipsos for MNP found that 31 per cent of Albertans are unable to afford their monthly bills and debt obligations an increase of seven points since the September index.
On average, Albertans say they have $741 left after bills and debt repayments, a decrease from last quarter when the average was $751, and down 27 per cent since June’s figure of $1,013.
The survey also found that 46 per cent of Albertans report being within $200 of not being able to pay their bills, up three points since September.
“The results highlight jus…
Read the full article at: http://www.cbc.ca/news/canada/calgary/alberta-debt-survey-mnp-interest-rate-insolvency-worries-1.4488126
