How are low- and modest middle-income Canadians financially faring through the pandemic?

The diaries team is finalizing a report examining how phase 1 participants are faring through the pandemic. This report will be coming out on January 21st. Preliminary results of the survey illustrate that low- and moderate-income earners are feeling stressed with increased expenses and uncertainty about future economic stability. The results demonstrate the resilience of participants coming from a variety of financial backgrounds. Some participants in this study have been able to access government programs to support some of their immediate financial needs. But other participants, those who were unemployed and ineligible for Canada Emergency Response Benefit, were faring less well. Social assistance rates did not change to reflect participants higher expenses. For instance, groceries became more expensive as did the cost to travel via taxi –instead of bus– to get them.

1 thought on “How are low- and modest middle-income Canadians financially faring through the pandemic?

  1. This is an interesting and unprecedented part of the research work.. looking forward to reading more

    Like

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