Fewer living paycheque to paycheque but more overwhelmed by debt

Fewer living paycheque to paycheque but more overwhelmed by debt
Chris Van Lierop is seen at his cottage home on Sturgeon Lake near Fenelon Falls, Ont., on Wednesday, July 18, 2018. The telecommuting revolution envisioned by futurists, in which vast numbers of workers eschewed their daily commute in favour of working remotely from their home, never quite turned out as predicted. However, a growing number of Canadians are taking the term "working remotely" literally, leaving the hustle and bustle of city life behind to work from their cottage or winter home down south, says a real estate expert. THE CANADIAN PRESS/Fred Thornhill

TORONTO  An annual survey of Canadian employees suggests that a smaller percentage is live paycheque to paycheque compared with last year.

The Canadian Payroll Association says its 2018 survey found that 44 per cent of working Canadians reported it would be at least somewhat difficult to meet their financial obligations if their paycheque was delayed by even a single week.

That’s down from 47 per cent last year.

Countering these positive gains, the association says the percentage of respondents who reported feeling at least somewhat overwhelmed by debt increased to 40 per cent nationally, up from 35 per cent in last year’s survey.

The online survey containing more than a dozen questions was conducted for the association by Framework Partners from June 22 to Aug. 1.

The number of responses varied widely, depending on the question, with a total of 5,074 responses to the question about a one-week delay in paycheque and 3,809 responding to the question about being overwhelmed by debt.

The polling industry’s professional body, the Marketing Research and Intelligence Association, says online surveys cannot be assigned a margin of error because they do not randomly sample the population.