Fifty-two per cent of us worry a lot about our personal finances. Fifty per cent feel frustrated, 47 per cent feel emotionally drained and 43 per cent feel depressed. There is not one survey indicator to suggest Canadians have made financial progress in 2025 compared with 2024.

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Our debt-to-household disposable income has bumped up against nearly 200 per cent for years now, putting Canada in first place among G7 countries. Canada’s is 185 per cent; the average for all G7 countries is 125 per cent according to Statistics Canada. Canadian households collectively owe about $3-trillion, almost three-quarters of it is mortgage debt.

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Today’s Canadian dream is to make the next mortgage payment without having to borrow it. The housing crisis hasn’t just hobbled the hopes of many Canadians seeking affordable housing; it is undercutting middle-class living standards.

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That thinking of retirement provokes anxiety in surveys on the matter shouldn’t be surprising. It is one more item on a growing list of aspirations many Canadians cannot afford.