Consumers are increasingly looking for ways to strengthen their financial security as concerns about job stability, economic uncertainty and AI on employment continue to rise.
A survey by MNP Ltd. finds that more than half (52 per cent) say they do not have enough savings to support themselves or their family for six months in the event of a job loss.
Tara Silliker of MNP says more than 40 per cent of Atlantic Canadians have tried to find additional income through side hustles, freelance work, online selling or additional new skills.
“That can be a positive because it increases the amount of money going into the household,” says Silliker.
“It can also spread out risk because if you don’t have all your income eggs in one basket, the impact of something happening may not be as great.”
She says these are busy times in their line of work because there is a lot of debt available to people.
