StatCan reports that 9% of Canadians in the higher income quintile are contemplating using a food bank

August 19, 2024 TruthUSA

Few Canadians are immune to the rising cost of living, according to a new report from Statistics Canada, with 9 percent of those in the highest income quintile considering using a food bank.

Data from spring 2024 shows that while 42 percent of Canadians are concerned over rising food prices, about nine percent of those in the highest income bracket report they may have to turn to a food bank or similar community organization for help. That number rises to 14 percent for those in the second-highest income bracket, StatCan said.

Nearly half of Canadians report struggling to meet day-to-day expenses, up 12 percentage points from 2022 to 45 percent.

The survey found that the number of Canadians who feel “quite a bit” or “extremely” stressed over financial issues increased slightly since 2022, from 33 percent to 35 percent this year.

Families with children and those living with a disability are struggling the most, StatCan said.

Fifty-five percent of families with children say rising costs have impacted their ability to cover daily expenses, compared to 42 percent of households without children and 37 percent of single Canadians.

Those with disabilities are also more likely to be facing financial difficulties, with 57 percent saying they are struggling to meet daily costs, compared with 43 percent of those without a disability.

Housing is one of the biggest concerns Canadians cite, with nearly four in 10 saying they are concerned about their ability to afford a home because of rising prices. The number has risen from 30 percent in 2022 to 38 percent this year.

StatCan found that renters are more uneasy about increasing prices than homeowners, with nearly two-thirds of renters “very” concerned over housing affordability compared with about one-third of homeowners.

Food prices are another top concern for those surveyed, with more than one in five Canadians saying they may not be able to afford groceries. The number has risen to 23 percent, up from 20 percent two years ago.

Of those worried about food prices, eight percent say they are very likely to need help from an organization such as a food bank. Another 15 percent say they are somewhat likely to need community help.

More than one in four families with children say they expect to turn to food banks and similar organizations, compared to one in five for other household types, StatCan said.

About one-third of Canadians with a disability say they expect to get food from a community organization in the next six months, compared to one in five of those without a disability, StatCan said.

The data was collected between April 19 and June 3.

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