Every month, we conduct a survey of Canadian and Americans to explore their views on the economy and their finances. This month, our survey was conducted between November 1 and November 3, 2024.
Some of the key highlights of our survey about the economy include…
- The survey reveals that 63% of Canadians consider their household finances to be in good shape, with 9% rating them as very good and 54% as good. Quebecers (74%) and Canadians aged 55 and older (71%) are more likely to consider their finances to be in good shape. Canadians aged 35 to 54 are more likely to view their finances as poor (39%).
- Four in ten Canadians (40%) who are currently employed fear losing their job within the next 12 months. This represents a 3-point decrease since last month.
- Moreover, 45% of Canadians report living paycheck to paycheck. This proportion rises to 54% among Canadians aged 35 to 54. In the United States, 55% of Americans live paycheck to paycheck.
- Half of Canadians (54%) believe the country is in an economic recession. This proportion rises to 63% among Canadians aged 18 to 34.
Methodology
This web survey on the economy was conducted from November 1 to 3, 2024, with 1,549 Canadians and 1,044 U.S. residents, 18 years of age or older, randomly recruited from LEO’s online panel.
A margin of error cannot be associated with a non-probability sample in a panel survey. For comparison purposes, a probability sample of this size yields a margin of error no greater than ±2.49%, (19 times out of 20) for the Canadian sample and ±3.09%, (19 times out of 20) for the American sample.
