As financial literacy month winds down, RBC Royal Bank has prepared a summary of the top economic or financial issues keeping Canadians up at night.
The first area they looked at was general, asking what are the top bug-bears for the average Canadian when it comes to money.
The primary answer – offered by 60-percent – centres on not having enough money to cover an unexpected expense. Half said they are spending all their money on essentials with nothing left over.
On scams, 86-percent said they worry they aren’t able to identify a fraud or scamster and two-thirds are getting tired of watching for scams.
The majority of small business owners have found themselves having to pivot or change strategies in the past year. Even though half have made significant changes to their business model, 40-percent believe risk taking is essential to long-term success.
And finally…what is the impact of going shopping with ‘gotta have’ kids? 80-percent said they were very stressed with back-to-school shopping with the majority saying their kids lost all financial sensibility upon entering a store.
