North American Tracker (May 10, 2023): Economic Conditions and Mental Health

Posted on May 10th, 2023 in News, Surveys, Surveys

DISCOVER OUR MOST RECENT RESULTS BELOW! 

This survey is conducted in collaboration with the Association for Canadian Studies (ACS) and published in the Canadian Press. This series of surveys is available on Leger’s website. 

ECONOMIC CONDITIONS

  • Canadians and Americans perceive the economic conditions in their country as much worse than their household’s personal finances.
    • 58% of Canadians and 61% of Americans say the economic conditions in their country are poor.
    • Conversely, 59% of Canadians and 63% of Americans say their household’s finances are good.

MENTAL HEALTH

  • Canadians (50%) are more likely than Americans (39%) to say their financial situation has a negative impact on their mental health.

PERSONAL FINANCES

  • Over the past couple months, nearly two-in-ten Canadians and more than one-in-ten Americans have worriedfrequently about:
    • Having to carry a balance on a credit card (19% of Canadians, 12% of Americans)
    • Being able to pay their bills (18% of Canadians, 14% of Americans)
    • The safety of their savings (17% of Canadians, 15% of Americans)
    • The value of their investments (17% of Canadians, 12% of Americans)

Canadians and Americans' financial concerns in the last 2 months

  • 19% of Canadians and 24% of Americans have considered taking all their money out of their bank-held chequing or savings accounts at least once.

METHODOLOGY 

This web survey was conducted from May 5 to 8, 2023, with 1,523 Canadians and 1,002 Americans, 18 years of age or older, randomly recruited from LEO’s online panel. 

To view the May 10, 2023 report, CLICK HERE. 

Do you think the economic conditions where you live are poor or good?  

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