B.C. residents are shockingly pessimistic about their finances

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A new poll suggests B.C. residents feel they are in poorer shape financially than their parents and the numbers are on a steady upward trajectory.

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SEE ALSO: Affordability crisis will cause Vancouver housing market to slow in 2016

The Ipsos Reid poll that was conducted on behalf of Global News suggests nearly half of British Columbians are likely to believe they are in worse financial shape than their parents were at the same stage in life.

As a whole, Canadians seem to be pessimistic about the next generation, too. Over 50 per cent of Canadians believe the next generation will be worse off financially than they are. And these numbers are nothing new – they’ve been steadily climbing over the last 27 years.

Baby boomers aged 55 plus, however, are likely to believe their generation is better off financially than their parent’s as compared to middle aged and young Canadians.

Albertans are particularly pessimistic about the future. Around 63 per cent believe the next generation will be worse off than they are currently, followed by British Columbians at

Additionally, 36 per cent of Canadians say it’s become more difficult to make ends meet in the last five years, as opposed to 10 per cent who say it’s become easier. With an economic crisis looming, Albertans are most likely to report saying this at 45 per cent.

The Ipsos survey polled 1,007 Canadians online from January 4 to 7.

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Lauren Sundstrom Lauren is a Staff Writer and Projects Assistant at Vancity Buzz. She is a graduate of BCIT's Broadcast and Online Journalism program. She loves reporting on breaking news and lifestyle content. If you feel like you have a story that needs to be told, fire her a tweet.
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