Every month, we conduct a survey of Canadians and Americans to explore their views on the economy and finances. This month, our survey was conducted between August 23 and 25, 2024.
Some of the key highlights of our survey about the economy include…
- The survey reveals that 61% of Canadians consider their household finances to be in good condition, with 8% describing them as very good and 52% describing them as good. Quebecers (70%) and Canadians aged 55 years or older (69%) are more likely to consider their household finances to be in good condition.
- More than one third of employed Canadians (36%) are worried about losing their job within the next twelve months. This proportion is higher among Canadians aged 18 to 34 (46%).
- Moreover, 47% of Canadians report living paycheque to paycheque. This proportion increases to 58% among Canadians aged 35 to 54. In the United States, more than half of Americans (56%) live paycheck to paycheck.
- Nearly six out of ten Canadians (58%) believe the country is in an economic recession.
Methodology
This web survey on the economy was conducted from August 23 to 25, 2024, with 1,601 Canadians and 1,032 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 ±2.45%, (19 times out of 20) for the Canadian sample and ±3.05%, (19 times out of 20) for the American sample.
