Financial anxieties include fears of unexpected expenses (82 percent), concerns about overall financial stability (82 percent), housing costs (73 percent), family-related expenses (67 percent), and managing monthly bills (64 percent).
Despite these challenges, most Canadians (87 percent) feel they are making real financial progress, and 72 percent express optimism about their financial future in 2025. Over a third (37 percent) report feeling more financially secure than they did a year ago.
Around 21 percent of Canadians plan to set financial goals or a budget for 2025. Among the 69 percent who already have financial objectives, saving for retirement (58 percent), vacation planning (47 percent), and paying down debt (40 percent) are top priorities.
However, many Canadians lack structured plans. Only 33 percent currently have a financial plan, and 59 percent do not have a household budget. While 36 percent anticipate making significant purchases in the coming year, 24 percent intend to adjust their plans to account for the rising cost of living.
The report also notes that 92 percent of Canadians review their financial plans at least once annually, indicating a widespread commitment to staying on top of financial management.
