Angus Reid survey points to near unanimous economic angst

COVID-19 angst spreading

A new survey by the Vancouver-based Angus Reid Institute indicates a high degree of angst over the financial impacts of COVID-19.

Canadians are nearly unanimous in their expectation of economic woe as coronavirus pandemic enters its second month.

The data show one-in-four residents, 27 per cent, are now reporting that they are barely keeping their heads above water financially, while just 12 per cent of Canadians say they are in great shape to endure a long economic downturn. Nearly nine-in-ten Canadians, 87 per cent say on the economic front, the worst is yet to come.

When asked how they feel employment insurance and the Canadian Emergency Response Benefit will help their situation, just under half of those who say they are in bad shape already, 45 per cent, say it will be a big boost. For another 39 per cent of those struggling, there is skepticism about whether the aid will be enough.

The survey also discovered that three-in-ten want more information from our government and health officials to fully understand the situation.

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