NEWS

Canadian citizens reduce spending habits as inflation hits 30-year high, poll finds

Updated: March 22, 2022 at 3:57 pm EST  See Comments

Tue Mar 22, 2022 – 3:23 pm EDTTue Mar 22, 2022 – 3:29 pm EDT

(LifeSiteNews) – A new poll has found that Canadians are scrambling to find ways to save money as inflation hits 30-year record highs.  

Last Thursday, a poll by Leger found that 81 percent of Canadians view inflation as a “very or somewhat serious” problem for their households, with over 3 quarters of respondents reporting that they are reducing their spending as a method of weathering the storm. The poll also found that Canadians hold a “pessimistic” outlook towards their economic future, with 84 percent thinking inflation, gas prices, and interest rates will continue to rise for the next six months.  

According to the poll, the “top actions” Canadians have taken or plan to take due to rising inflation are: 

Reducing food waste to make their money go further (86% of Canadians) Buying less expensive items at the grocery store (83% of Canadians)  Spending less on household items (76% of Canadians)  Eating less often at restaurants or limiting take-out (75% of Canadians), which doesn’t bode well for a sector still trying to recover post-pandemic. 

Many economists warn that

The remainder of this article is available in its entirety at LifeSite News

The views expressed in this news alert by the author do not directly represent that of The Official Street Preachers or its editors

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