The number has grown by 4% since January 2019, when 46% of Canadians reported being $200 away from insolvency.
The latest survey on debt levels in Canada found that half of Canadians are $200 away from insolvency and not being able to pay their monthly bills.
According to the MNP Consumer Debt Index, 50% of survey respondents claimed they were on the brink of bankruptcy, while 49% were not confident in their ability to cover expenses without accumulating more debt.
