“Financially paralyzed”: Half of Canadians living bill-to-bill, poll finds

More than half of Canadians are feeling “financially paralyzed” amid the surging cost of living, according to a new poll. Fifty-five per cent of Canadians used that language to describe their finances, according to the survey commissioned by the Royal Bank of Canada (RBC). Nearly half (48 per cent) added they could no longer afford to maintain their standard of living, while nearly a third (29 per cent) said their finances were in a constant state of chaos. The gloomy economic outlook didn’t end there.