A majority of Canadians say they will be financially hurting due to the latest Bank of Canada (BoC) rate hike, according to a new poll. With another recent increase to the BoC’s key overnight rate—the tenth rise since the start of 2022—59 percent of Canadians say it will have a negative impact on their personal…
Canada’s Premiers Ask Feds to Discuss Infrastructure Strategy, Address Cost of Living
Canada’s premiers have called upon Prime Minister Justin Trudeau for a First Ministers Meeting on a national infrastructure program that will cover everything from the need for more housing to making the country’s economy more competitive. The call was made during the closing news conference on July 12 following the three-day national meeting of premiers…
Debt Worries up as Higher Interest Rates and Rising Cost of Living Take a Toll: MNP
A report by insolvency firm MNP Ltd. says 52 per cent of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month as higher interest rates and a rising cost of living have stretched budgets. The result for the July report…
South Korea Cuts Tariffs on Food Imports to Ease Living Costs
South Korea will cut tariffs from June on higher priced edible products, including pork and sugar, to help ease people’s living costs, the finance ministry said on Tuesday. The tariffs on seven food items will be lowered to 0 percent from as high as 10 percent currently, in response to short-term supply shortages, the ministry said…
Nearly Half of Australians Fail the Financial Literacy Test: Canstar
A notable proportion of Australians are not financially literate, with the younger generations lacking the most knowledge. These are the findings of a survey of 1,000 people by Canstar, one of Australia’s best-known and respected comparison websites. People surveyed were asked to take up a quiz that consisted of 21 questions to assess people’s level…
Australian Workers to Get Real Wage Lift Ahead of Schedule
Australian workers can expect to see their pay packets growing faster than consumer prices by early next year. An improvement in real wages, which accounts for the corroding effect of inflation on pay increases, was previously earmarked for midway through 2024. Thanks to surging inflation, workers have been hit with staggering declines in real wages….
California Cost of Living Analysis: Exodus Edition
April 27, 2023
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Californiacalifornia exoduscost of livinghome priceLeaving CaliforniaLeaving California: The Untold StoryNorthern CaliforniaRegional & State NewsSouthern CaliforniaState NewsUS
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While historically people have been willing to pay higher prices to live in California, recent migratory patterns showing net outflows suggest that some are choosing to move in search of more affordable options. From housing to fuel, commodities, and services, Californians fork over more than the majority of the country for routine expenses, and according…
How People Are Pushed out of California by Cost of Living
April 27, 2023
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Californiacalifornia exoduscost of livinghome priceLeaving CaliforniaLeaving California: The Untold StoryNorthern CaliforniaRegional & State NewsSouthern CaliforniaState NewsUS
0 Comment
While historically people have been willing to pay higher prices to live in California, recent migratory patterns showing net outflows suggest that some are choosing to move in search of more affordable options. From housing to fuel, commodities, and services, Californians fork over more than the majority of the country for routine expenses, and according…
‘Slap in the Face’: Freeland’s Disney Plus Comment Made Her a Villain, Records Show
Once upon a time, Chrystia Freeland attempted to relate to Canadians’ cost-of-living concerns with a personal anecdote—and it didn’t produce a fairy-tale ending. “I personally, as a mother and wife, look carefully at my credit card bill once a month, and last Sunday I said to the kids, ‘You’re older now. You don’t watch Disney…
Over Half of Canadians Say They Don’t Have Enough Money to Save for Retirement: Poll
More than half of Canadians indicate they are behind on retirement savings, according to a recent survey commissioned by tax preparation firm H&R Block Canada. The survey, published on April 3, found that 52 percent of Canadians are unprepared for retirement as they don’t feel they have enough money left at the end of the…
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