Albertans concerned over debt repayment: MNP [Video]

A majority of Albertans say they’re less optimistic now about their ability to repay personal debt compared to a few months ago.

The latest numbers from MNP’s Consumer Debt Index show 57 per cent of people polled from this province have concerns about paying down debt.

“Albertans were the most concerned with their ability to repay their debts over the next year (compared to national numbers), and the jump was quite significant from the last cycle that came out in the fall,” said Lindsay Burchill, a licensed insolvency trustee with MNP in Calgary.

The quarterly barometer for Canadians’ attitudes towards paying debt also shows 51 per cent of Albertans polled are concerned that rising interest rates could move them towards bankruptcy.

MNP’s Consumer Debt Index, conducted by Ipsos, surveyed 2,003 people between Dec. 6 and Dec. 17, 2024.

“Holiday bills can put additional pressure on households. Additionally, concerns about potential …