It’s no secret that the COVID-19 shutdown has had a drastic impact on Canada’s economy, triggering financial loss, unemployment, stock market havoc, and increased government spending to aid Canadians in need.
Amid the uncertainty of the past few months, it still appears more Canadians are feeling financially optimistic, according to a recent Angus Reid Institute report.
The results of the survey highlight the fact that many Canadians’ outlooks on their long-term financials have not suffered despite the ongoing pandemic, surprisingly.
The outlooks are actually more positive than they were six months ago, showing that the survey results find almost one-quarter of Canadians saying that they are better off now than they were last year.
This figure has risen from 18 per cent in 2019, to 24 per cent this year.
Alternatively, this new data shows that nearly one-third, or 32 per cent, of Canadians are saying they are worse off now than they were last year.
Though higher, this number is comparable to previous years of non-pandemic period polling.
“Significantly, optimism, too, has risen,” reads the report.
“The number who say they will be better off next year at this time has risen to 30 per cent, from 15 per cent at the end of 2018, and 21 per cent at the end of 2019.”