Financial stress survey results, June 24, 2019

Happy Canada Day and Independence Day!!

Members’ main source of financial stress

Financial readiness for retirement 52%
I have no stress. 29%
Higher education costs 12%
Inadequate income 2%
Health care costs 2%
Debt 2%
Looking after elderly parents 1%

Our June 24, 2019 survey asked our embers for their age category, citizenship and response about their main source of financial stress.

By the end of June 25, we received responses from 53% of our subscribers. (Average response rates to surveys are 10% – 15%.)

Of those who responded:

  • 63% were between 50 and 70 years old.
  • 24% were between 30 and 50 years old.
  • 8% were 30 years or younger.
  • 5% were over 70 and/or retired.

Just under one half were Americans, just under one half were Canadians and the rest were from other English-speaking countries.

 

 

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Dr. Milan Somborac

The Monday Morning Millionaire Program supports do-it-yourself (DIY) investors which I have been for over 50 years. About my team and me

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