Ontarians expect debt freedom at age 58, according to RBC Canadian Consumer
Outlook
Six-in-ten Ontario residents are worried about debt
The survey also found that one-in-four Ontarians (25 per cent) are experiencing job anxiety, nearly on par with the national average (26 per cent) and up four percentage points from 21 per cent in December. Without exception, job anxiety is up across the country in January.
"While no one individual can control his or her job security, there are concrete ways to address anxiety about personal debt loads," said
Other provincial highlights include: - National Economy: A slim majority of Ontarians describe the current overall state of the Canadian economy as bad (53 per cent), while 47 per cent described it as as good. Nationally, Canadians are also divided regarding the current overall state of the economy, which 52 per cent say is bad and 48 per cent say is good. Six-in-ten Ontarians (60 per cent), think that the Canadian economy will improve over the next year, four percentage points higher than the national average. This optimism is second only to Alberta, where nearly two-in-three respondents (64 per cent) are expecting improvements in the Canadian economy over the next year. - Personal Financial Situation (Overall): Four-in-ten Ontarians (43 per cent) expect that their personal economic situation to improve over the next year, slightly below the national average of 45 per cent.
"It may not be smooth sailing for Ontario's economy in the early part of the year, but we expect it to pick up steam as 2010 progresses," said
About The RBC Canadian Consumer Outlook Index
The RBC Canadian Consumer Outlook Index, benchmarked as of
For further information: Rina Cortese, RBC Corporate Communications, (416) 974-6970; Gillian McArdle, RBC Media Relations, (647) 400-8464
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