MNP Consumer Debt Sentiment Survey Update

Lack of financial literacy intensifying Canadians' debt binge - Seite 3

• 55% are less than 'very confident' in their ability to pay down debt.
• 60% are less than very confident in their ability to set and follow a budget.
• 61% are less than very confident in their understanding of the impact of interest rates on debt payments.
• 66% are less than very confident about their ability to create a rainy-day or emergency fund.
• 70% are less than very confident about their understanding of credit scores, and what their own score is.
• 71% are less than very confident about their understanding of the concepts of bankruptcy and insolvency.

About MNP LTD

MNP LTD, a division of MNP LLP, is one of the largest personal insolvency practices in Canada. For more than 50 years, our experienced team of Licensed Insolvency Trustees and advisors have been working collaboratively with individuals to help them recover from times of financial distress and regain control of their finances. With more than 200 Canadian offices from coast-to-coast, MNP helps thousands of Canadians each year who are struggling with an overwhelming amount of debt. Visit www.MNPdebt.ca to learn more.

About the MNP Consumer Debt Sentiment Survey

Now in its third wave of tracking, the MNP Consumer Debt Sentiment Survey is a semi-annual poll designed to track Canadians' feelings about their debt and their perception of their ability to meet their monthly payment obligations.

The survey was conducted by Ipsos on behalf of MNP Debt between March 27 and March 30, 2017. For this survey, a sample of 1,500 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 +/ - 2.9 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.

To view the infographic associated with this press release, please visit the following link: http://www.marketwire.com/library/20170506-mnpltd.jpg.

Angela Joyce
Media Relations
1.403.681.9286
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Britta Bisig
Media Relations
1.604.836.1009
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