A new Financial Anxiety Index released by United Way Centraide Canada paints a concerning picture of how many Ontarians are feeling about their finances.
The survey, conducted by Leger, found 63 per cent of Ontarians report feeling anxious about their financial situation, up six percentage points from last year. Nationally, nearly one-third of respondents said their financial situation has worsened over the past six months.
United Way leaders say the findings reflect growing affordability pressures that many communities, including Northumberland, continue to experience through rising housing costs, food prices and other household expenses.
The survey found some groups are being disproportionately affected, including single parents, newcomers and younger adults aged 18 to 34.
At the same time, agencies working on the front lines say demand for support continues to increase.
According to United Way Centraide Canada, United Way organizations collectively invest approximately $600 million each year into community programs supporting housing stability, homelessness prevention, food security, mental health services and poverty reduction.
Wilson says charitable organizations continue to rely on community support to meet growing needs.
The Financial Anxiety Index is an annual survey designed to track Canadians’ financial well-being and identify trends affecting households across the country.
