MNP Consumer Debt Index: Canadians Worry About Jobs and Income Amid Labour-Market Uncertainty and the Rise of AI, As Nearly Half Turn to ‘Second-Income Economy’
More than half of working Canadians (55%) are worried about job mobility and opportunities, with that figure rising to 60% among working Gen Z and 59% among Millennials. Nearly half (47%) of Canadians say they have tried to earn additional income in some way, including selling goods online, learning new skills, working a second job, […]
The MNP Consumer Debt Index reveals that a significant portion of working Canadians are concerned about job security and income stability in the current economic climate. With 55% of the workforce expressing worry about job mobility and career opportunities, the labour market's uncertainty, coupled with economic factors such as tariffs, trade tensions, and the impact of AI, is casting a shadow over job prospects.
A notable 42% of Canadians are particularly concerned that AI could negatively impact their employment or income, highlighting the growing apprehension surrounding technological advancements in the workplace. Furthermore, the index indicates that nearly half of the respondents (54%) do not have sufficient savings to sustain themselves or their families for six months in the event of losing their job, underscoring the precarious financial situation many Canadians find themselves in.
Brief written by urgent.news from Financial Post's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
