2024
8
Canadian Consumers and the Economic Outlook 2024
2024-02-27T16:04:54+00:00
REP69D1B991_8047_477C_BFAC_257F0CBF000F
4995
170934
[{"name":"Personal Finance","url":"https:\/\/store.mintel.com\/industries\/finance\/personal-finance"}]
Report
en_GB
Rising interest rates have been felt by consumers, forcing cutbacks in spend and a focus on debt. Optimistic outlooks persist, sustaining hope for growth in 2024. Patrick Rahlfs, Senior…

Canadian Consumers and the Economic Outlook 2024

$ 4,995 (Excl.Tax)

Description

Rising interest rates have been felt by consumers, forcing cutbacks in spend and a focus on debt. Optimistic outlooks persist, sustaining hope for growth in 2024.

Patrick Rahlfs, Senior Research Analyst

Table of Contents

    • Key issues covered in this Report
  1. EXECUTIVE SUMMARY

    • Consumer trends: key takeaways
    • Graph 1: changes in managing finances due to inflation, 2023
    • Graph 2: financial outlook for next 12 months, 2023
    • Graph 3: use of extra money to pay off debt, by age, 2023
    • Opportunities
  2. Consumer Insights

    • Effects of inflation on finances
    • Graph 4: changes in managing finances due to inflation, 2023
    • Graph 5: changes in managing finances due to inflation, by household income, 2023
    • Graph 6: changes in managing finances due to inflation, by age, 2023
    • Graph 7: changes in managing finances due to inflation, by new Canadians, 2023
    • Graph 8: changes in managing finances due to inflation, by race, 2023
    • Spending behaviors
    • Graph 9: savings and spending behaviors and plans, 2023
    • Graph 10: travel and large purchase behaviors and plans, 2023
    • Graph 11: putting more money into investments, by age, 2023
    • Graph 12: putting more money into investments, by household income, 2023
    • Graph 13: cutting back on my overall spending, by age, 2023
    • Graph 14: plans to add more to savings and investments, by new Canadians, 2023
    • Graph 15: reducing non-mortgage debts, by financial situation, 2023
    • Use of extra money
    • Graph 16: use of extra money, 2023
    • Graph 17: use of extra money, by age, 2023
    • Graph 18: use of extra money to pay off debt, by age, 2023
    • Graph 19: use of extra money toward travel and investments, by household income, 2023
    • Past and future financial outlook
    • Graph 20: financial situation now vs a year ago, 2023
    • Graph 21: financial situation now vs a year ago, by age, 2023
    • Graph 22: rising prices as top-three concern for next 6 months, 2022-23
    • Graph 23: effects of inflation, 2023
    • Graph 24: financial outlook for next 12 months, by age, 2023
  3. State of the economy

    • Graph 25: quarterly real GDP growth, 2021-23
    • Graph 26: policy interest rate, by month, 2020-24
    • Graph 27: CPI change over last 12 months, 2020-23
    • Graph 28: average purchase regular APR in credit card acquisition direct mail, 2020-23
    • Graph 29: unemployment rate, 2020-23
  4. Appendix

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2024 Sample Consumer Cover

Please Note: All of the figures, graphs, and tables in this sample report have been redacted.

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