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Almost half of North Shore readers say they're treading water financially

Almost half of local readers who answered a recent North Shore News poll say their financial situation is about the same as it was a year ago. But 40 per cent said they're financially worse off.
Jane Seyd
Jane Seyd
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Almost half of North Shore News readers who answered a recent poll said their financial situation is the same as it was a year ago, despite inflationary pressures.Photo via Getty Images, photo credit: Kinga Krzeminska

Almost half of local readers who answered a recent North Shore News poll (47 per cent) say their financial situation is about the same as it was a year ago.

That could probably be considered a win, given the money pressures most people have had to contend with, including rising grocery costs and gas prices, not to mention sharply increased housing prices through either higher rents or mortgages pushed up by rising interest rates.

So lucky us.

But almost as many locals who responded to the poll – just under 40 per cent – said their financial situation has deteriorated, and is worse than it was a year ago.

About 13 per cent of locals responding said their financial situation has improved in the past year.

(What's their secret? Lottery wins?)

The North Shore News polled 1,316 North Shore News readers and asked the question: How would you describe your financial situation compared to a year ago?

The poll ran from Feb. 8 to March 1. Of the 1,316 votes, we can determine that 453 are from within the community. The full results are as follows:

My financial situation is definitely worse than it was a year ago. I'm losing ground. 39.74 % local, 42.48 % total    
I'd say my financial situation is about the same as it was this time last year. 47.24 % local, 44.38 % total    
My financial situation has improved since this time last year. 13.02 % local, 13.15 % total    
  Local   Total

Results are based on an online study of adult North Shore News readers that are located in North Shore. The margin of error – which measures sample variability – is +/- 2.69%, 19 times out of 20.

North Shore News uses a variety of techniques to capture data, detect and prevent fraudulent votes, detect and prevent robots, and filter out non-local and duplicate votes.

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