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Measuring household financial stress in Canada using consumer surveys

Staff Analytical Note 2024-5 Nicolas Bédard, Patrick Sabourin
We use data from the Canadian Survey of Consumer Expectations to understand how households are coping with high inflation and high interest rates. We build a subjective measure of financial stress and find that the level of stress is at a historical high but remains manageable for most households.

Corinne Luu

Corinne Luu was appointed Policy Advisor in the Canadian Economic Analysis (CEA) department in November 2022.

Timothy Lane

Timothy Lane served as Deputy Governor from February 2009 until his retirement from the Bank of Canada in September 2022.

Oleksiy Kryvtsov

Oleksiy Kryvtsov is the Senior Research Officer in the Economic and Financial Research Department.

Scott Hendry

Scott Hendry was appointed Senior Special Director, Financial Technology (FinTech) in the Banking and Payments Department (BAP) in June 2016. In this role, he oversees the Bank’s efforts to monitor and research developments and implications of new technologies affecting the financial sector.
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