Most Canadians comfortable with non-mortgage debt situation: RBC poll

Published on September 14, 2011; Published on September 14, 2011
The Canadian Press ~ The News

Topics :: Royal Bank of Canada , Ipsos Reid , TORONTO

TORONTO — Most Canadians feel they have their personal debt situation under control and the majority believe they are in better shape in that regard than their neighbours.

At least those are the findings of a new Royal Bank of Canada poll that queried Canadians on their non-mortgage debt.

The poll, conducted for RBC by Ipsos Reid, found that 22 per cent of respondents had no non-mortgage debt at all, while an additional 45 per cent were comfortable with their debt levels.

Meanwhile, 75 per cent of those surveyed on their personal debt levels felt they were in better shape than their friends and neighbours.

And an overwhelming majority — 93 per cent — saw paying down debt as more or just as important as saving for the future.

The poll of slightly more than 2,000 Canadians conducted Aug. 18 to Aug. 23 is considered accurate within plus or minus two percentage points 19 times out of 20.

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