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Have you been having a hard time sleeping these days?

If so, it might be more serious than you think. 

A recent poll conducted in BC has found that at least 50% of Canadians are struggling to sleep at night as a result of financial anxiety. 

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The findings published by Research Co surveyed 1,000 Canadians representing a national sample.

The results show 40% of Canadians aged 18 to 34 are worrying about the future of their employment. While those 35 to 55 years old share similar concerns. 

According to Statistics Canada, the recommended amount of sleep someone should get is between seven to nine hours a night. 

On a typical work week, only 28% of British Columbians said they slept between seven and nine hours. 

In Victoria, it’s hard to blame someone for struggling with restless nights. 

According to Expatisian, this year alone, the estimated cost of living for a single person in Victoria is $3,500, while a family of four is estimated to cost $6,420. 

In addition, rent in Victoria is up by only 1% compared to October but is up 25% from this time last year for a one-bedroom unit. 

Victoria remains the third most expensive city to rent in Canada–once again tied with Burnaby for the unwanted position.

The recent increase in living now ranks Victoria as the second most expensive city in Canada.

The Canadian Centre for Policy Alternative reports in order to sustain a family of four, two parents would need to be making $24.29 per hour. 

As the cost of living continues to rise, what strategies are you using to help cut costs?

 

Related: https://www.victoriabuzz.com/2022/11/victorias-basic-living-wage-has-reached-an-all-time-high-of-24-29-per-hour/

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