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The National Payroll Institute has released a study highlighting the financial stress burdening Canadians. The research found that the financial well-being of Canadians has declined steeply in the last year. The percentage of people living paycheque to paycheque has increased by 26% compared to last year. The organization conducted a cluster analysis which indicated there is a growing level of distress among individuals who are financially struggling. Based on inflation and the forecasted economic outlook, Canadians are reporting increased financial anxiety. Click here to read the full report.
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