Dollars and SenseNationalNews
Over Half of Those in Saskatchewan Are Close to Insolvency
Source: Connor O’Donovan, globalnews.ca, October 20, 2020
“We had struggled with oil and the effects of that on our economy and everything had kind of slowed down in Saskatchewan prior to the pandemic,” said Pamela Meger, a Licensed Insolvency Trustee (LIT) with MNP.
A pair of new reports are shedding light on the financial struggles facing Saskatchewanians seven months into the coronavirus pandemic, and one suggests more than half are close to being insolvent.
Fifty-three per cent of respondents in MNP’s recent Consumer Debt Index, which surveyed Saskatchewan and Manitoba residents, said they were $200 or less from being insolvent at end-of-month.
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