THIS SURVEY EXPLORES CANADIANS’ AND AMERICANS’ PERSPECTIVES ON ECONOMIC CONDITIONS AND THEIR MENTAL HEALTH.
With the economic conditions in Canada and the U.S. improving slightly, our latest North American Tracker explored how Canadians and Americans feel about the state of the economy and their household finances. We also asked whether they feel each will improve or decline in the next 6 months.
In addition, as May is Mental Health Awareness Month, we explored how Canadians’ and Americans’ financial situations are impacting their mental health. Our full report also includes a look at Canadian and American politics.
Download the report for the full results.
This survey was conducted in collaboration with the Association for Canadian Studies (ACS) and published in the Canadian Press. This series of surveys is available on Leger’s website.
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ECONOMIC CONDITIONS
- Canadians and Americans perceive the economic conditions in their country as much worse than their household’s personal finances.
- 58% of Canadians and 61% of Americans say the economic conditions in their country are poor.
- Conversely, 59% of Canadians and 63% of Americans say their household’s finances are good.
MENTAL HEALTH
- Canadians (50%) are more likely than Americans (39%) to say their financial situation has a negative impact on their mental health.
PERSONAL FINANCES
- Over the past couple months, nearly two-in-ten Canadians and more than one-in-ten Americans have worried frequently about:
- Having to carry a balance on a credit card (19% of Canadians, 12% of Americans)
- Being able to pay their bills (18% of Canadians, 14% of Americans)
- The safety of their savings (17% of Canadians, 15% of Americans)
- The value of their investments (17% of Canadians, 12% of Americans)
- 19% of Canadians and 24% of Americans have considered taking all their money out of their bank-held chequing or savings accounts at least once.
METHODOLOGY
This web survey was conducted from May 5 to 8, 2023, with 1,523 Canadians and 1,002 Americans, 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, a probability sample of 1,523 respondents would have a margin of error of ±2.51%, 19 times out of 20, while a probability sample of 1,002 respondents would have a margin of error of ±3.1%, 19 times out of 20.
THIS REPORT CONTAINS THE RESULTS FOR THE FOLLOWING QUESTIONS AND MORE!
- How would you describe the economic conditions in Canada/the United States today?
- How would you describe your own household’s finances today?
- In the past couple of months, how often have you worried about each of the following?
- Does your financial situation have a negative impact on your mental health (e.g., stress, anxiety, etc.)?