Canadians' Strategies for Managing Cost of Living

This document is a report detailing the findings of a poll conducted by Ipsos on behalf of Simplii Financial regarding the impact of rising living costs on Canadians. The poll reveals that a significant portion of the population is experiencing stress due to increased expenses, with 46 percent losing sleep and 47 percent facing strain in personal relationships. Canadians are adapting by implementing various strategies to manage their finances, such as dining out less, shopping at multiple grocery stores, and opting for budget-friendly food options. Despite concerns about inflation and economic conditions, a majority of respondents remain optimistic about their financial future. The report also includes tips from Simplii Financial on managing living costs, such as reducing recurring expenses, considering alternative transportation methods, and focusing on increasing income through career development. The findings reflect a resilient attitude among Canadians in the face of economic challenges.