If Canadians had a magic button and could press it to deduct one bothersome thing from their lives, credit card debt and mortgage payments would be the first to go. According to a new Angus Reid Strategies survey sponsored by Intuit Canada, makers of QuickTax, debt is at the top of Canadians’ deduction wish list, with stress and weight gain following close behind.
Debt is the first to go
The Angus Reid/Intuit study, which polled 1,045 people across Canada, revealed there\’s some interesting dreaming going on:
- More than one-quarter (26 per cent) of respondents would strike credit card debt from their everyday life if they had the chance, followed by mortgage debt (22 per cent) and winter\’s extra pounds (15 per cent).
- Atlantic Canadians were the biggest credit card debt dreamers, with 32 per cent claiming they would strike it before anything else compared to only 22 per cent in Alberta. Atlantic Canadians tied with Quebeckers for deducting school debt (14 per cent each).
- Not surprisingly, mortgage debt elimination was highest in Ontario where housing prices continue to skyrocket.
- Ten per cent of Canadians are eager to get rid of school debt while another 10 per cent would deduct work stress and seven per cent would choose snow.
- Annoying partners/spouses and in-laws appear manageable, each accounting for just one per cent of deduction button wishes. Those living in Manitoba and Saskatchewan feel otherwise, with five per cent wishing to eliminate annoying partners/spouses. Three per cent of Albertans would ditch the in-laws if they had the chance.
- While it’s unclear who’s actually fatter or more stressed, women ranked higher than men in wishing their extra pounds away (17 per cent vs. 13 per cent) while men ranked slightly higher than women in wishing their stress away (10 per cent vs. 9 per cent). But when it came to credit card debt, a whopping 30 per cent of women wanted to dream it away compared to 21 per cent of men.
- The largest group that wished their credit card debt to disappear were between 35 and 54 years old (33 per cent), followed by those over 55 (23 per cent).