Many of the major chartered banks devote a considerable amount of time and effort in trying to assess the mood of Canadians: how they feel about their prospects and their finances. They do surveys and studies which are regularly published to provide some insight into our anxiety levels.
Probably the most well-named of these comes from ScotiaBank. It’s called the Worry Poll. They’ve just released the sixth edition showing Canadians anxiety levels are rising. It’s probably no surprised that the number of us feeling negative about our investments rose from 32-percent to 44-percent last year.
They see the primary threats to their portfolios as the cost of living followed by the possibility of a recession and then tariffs. That is something of a surprise given the level of attention the issue of tariffs gets and it ranks as third most worrisome topic.
The number of people who worry they won’t be able to save enough for retirement is growing – it rose by nearly 40-percent last year. That number’s big enough to think about buying stock in an antacid company.
