How much money do you try to put away every month…. anything at all?
A survey from EQ Bank finds that 10 per cent of Ottawans spend what they make and don’t put aside any savings.
It could be because of being in a government town…pensions are very generous. It could also be because of high debt. But with more and more companies offering less and less in the pension departments, it might be time to re-think how you spend.
The survey was conducted by Environics Research Group, polling 1000 Canadians in Calgary, Edmonton, Vancouver, Halifax, Winnipeg, Ottawa and Toronto on their savings habits.
In Ottawa 150 people were surveyed, giving the local results a margin of error of around 9 per cent. Full story below…