More than a million Canadians believe they are on verge of bankruptcy, new poll suggests

More than a million Canadians believe they are on the verge of having to declare bankruptcy, according to the findings of a new poll released Thursday.

The survey conducted by DART & maru/Blue found an even larger group — 4.2 million Canadian adults —  said they consider themselves to be heading towards bankruptcy over the next three months unless their personal financial conditions improve. 

Middle-aged and younger Canadians with middle-to-lower incomes appear “most vulnerable to bankruptcy,” the survey found.

“This middle-age, middle-income group is going to get hammered the hardest with the reduction of jobs and lost income,” said John Wright, a partner at DART. 

Read the National Post article (April 10, 2020).