The number of Canadians who are $200 or less away from financial insolvency every month has climbed to 48 per cent, up from 46 per cent in the previous quarter, in a sign of deteriorating financial stability for many people in the country, according to a new poll.Ipsos is a global market research and a consulting firm headquartered in Paris, but I note the survey was conducted for an insolvency firm. The sampling of 2000 Canadians online raises questions as to how those participants were selected (or self-selected).
The survey, conducted by Ipsos for insolvency firm MNP Ltd. and released Monday, also found that 35 per cent of Canadians say an interest rate increase would move them towards bankruptcy, while 54 per cent said they worry about their ability to repay debts...
Ipsos, which conducts the quarterly poll for MNP, surveyed 2,070 Canadians online from March 13-24.
The sentiment is similar to a report last year indicating that 40% of Americans can't come up with $400 for an emergency. That survey was conducted by the Federal Reserve Board.
Found the Ipsos report. The brief methodology paragraph indicates that interviews were done as well as the oline questionnaire:
For this survey, a sample of 1,582 Canadians from Ipsos' online panel was interviewed online. Weighting was then employed to balance demographics to ensure that the sample's composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within +/ - 2.8 percentage points, 19 times out of 20, had all Canadian adults been polled. The credibility interval will be wider among subsets of the population. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.