Category: cost of living

Nearly Half of Australians Fail the Financial Literacy Test: Canstar

May 22, 2023
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A notable proportion of Australians are not financially literate, with the younger generations lacking the most knowledge. These are the findings of a survey of 1,000 people by Canstar, one of Australia’s best-known and respected comparison websites. People surveyed were asked to take up a quiz that consisted of 21 questions to assess people’s level…

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Australian Workers to Get Real Wage Lift Ahead of Schedule

May 5, 2023
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Australian workers can expect to see their pay packets growing faster than consumer prices by early next year. An improvement in real wages, which accounts for the corroding effect of inflation on pay increases, was previously earmarked for midway through 2024. Thanks to surging inflation, workers have been hit with staggering declines in real wages….

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California Cost of Living Analysis: Exodus Edition

April 27, 2023
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While historically people have been willing to pay higher prices to live in California, recent migratory patterns showing net outflows suggest that some are choosing to move in search of more affordable options. From housing to fuel, commodities, and services, Californians fork over more than the majority of the country for routine expenses, and according…

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How People Are Pushed out of California by Cost of Living

April 27, 2023
Californiacalifornia exoduscost of livinghome priceLeaving CaliforniaLeaving California: The Untold StoryNorthern CaliforniaRegional & State NewsSouthern CaliforniaState NewsUS
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While historically people have been willing to pay higher prices to live in California, recent migratory patterns showing net outflows suggest that some are choosing to move in search of more affordable options. From housing to fuel, commodities, and services, Californians fork over more than the majority of the country for routine expenses, and according…

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‘Slap in the Face’: Freeland’s Disney Plus Comment Made Her a Villain, Records Show

April 19, 2023
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Once upon a time, Chrystia Freeland attempted to relate to Canadians’ cost-of-living concerns with a personal anecdote—and it didn’t produce a fairy-tale ending. “I personally, as a mother and wife, look carefully at my credit card bill once a month, and last Sunday I said to the kids, ‘You’re older now. You don’t watch Disney…

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Over Half of Canadians Say They Don’t Have Enough Money to Save for Retirement: Poll

April 11, 2023
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More than half of Canadians indicate they are behind on retirement savings, according to a recent survey commissioned by tax preparation firm H&R Block Canada. The survey, published on April 3, found that 52 percent of Canadians are unprepared for retirement as they don’t feel they have enough money left at the end of the…

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Majority of Canadians Say the Country Is ‘Headed in the Wrong Direction’: Internal Federal Poll

April 6, 2023
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A confidential poll last year indicated widespread concerns expressed by Canadians who think the federal government is not leading the country in the right direction. “Most were of the view the country was currently headed in the wrong direction,” said the Nov. 4 poll, reported to the Privy Council Office, and obtained by Blacklock’s Reporter….

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Some Young Canadians Are Downsizing Their Homes to Cut Back on Their Expenses

March 28, 2023
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Last month, Chelsea Hunt and her husband concluded that the cost of living had skyrocketed to a point where they could no longer afford to stay in their apartment and needed to move. “We were living paycheque to paycheque,” the 26-year-old said. “We were having to borrow money from one of our parents at different…

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Canadians ‘Rethinking’ Retirement Plans Due to Inflation Concerns: Poll

March 13, 2023
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Canadians in their 60s say they may delay their retirement over concerns that inflation will persist into the future, according to an internal poll conducted for the federal government. “Participants nearing retirement expressed concerns about a number of issues including the cost of living,” said a Privy Council Office report, titled “Continuous Qualitative Data Collection…

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Almost Half of Canadian Gig Workers Consider Not Declaring All Income Due to Rising Cost of Living: Survey

March 7, 2023
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Canadians who work on the side or undertake contract work to boost their income are tempted to not declare all of their income, faced with rising costs of living and precarious finances, according to a new survey commissioned by H&R block. Of those working a side hustle, almost 49 percent say they are willing to…

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