How Canadians Spend Their Money

A proclamation has been sent forth from Ottawa, “don’t forget to drink more Ovaltine!” This week we break down the freshly released Survey of Household Spending report from StatsCan to see where all of our money has been going. Find out how far apart average expenses are from average income and what the data tells us about how people are able to budget effectively.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

2021 Survey of Household Spending: https://www150.statcan.gc.ca/n1/daily-quotidien/231018/dq231018a-eng.htm

Infographic https://www150.statcan.gc.ca/n1/pub/11-627-m/11-627-m2023056-eng.htm

Data Tables https://www150.statcan.gc.ca/n1/daily-quotidien/231018/dq231018a-cansim-eng.htm