Figure 1: Respondent age bracket
| Respondent age group | % |
|---|---|
| 18-24 | 6 |
| 25-34 | 24 |
| 35-44 | 27 |
| 45-54 | 21 |
| 55-59 | 10 |
| 60-64 | 7 |
| 65+ | 6 |
As shown in Figure 1, 72 per cent of participants had been between 25 and 54 years of age. Eighty-three per cent lived in an metropolitan area, and 55 per cent rented their property (while 32 per cent owned a property with a home loan and nine per cent owned one without a home loan. )
More participants had low-to-moderate incomes.
Figure 2: Home earnings
| Home income | |
|---|---|
| lower than $32K | 28 |
| $32K – |
As shown in Figure 2, over 50 per cent lived in households with annual incomes under $55,000, and over 70 per cent lived in households with incomes under $80,000. But, 20 per cent reported home incomes surpassing $80,000, with seven % over $120,000, demonstrating that cash advance use just isn’t limited to canadians that are low-income. [Read more…]
