Financially paralyzed: Half of Canadians living bill-to-bill, poll finds [Video]

More than half of Canadians are feeling “financially paralyzed” amid the surging cost of living, according to a new poll.

Fifty-five per cent of Canadians used that language to describe their finances, according to the survey commissioned by the Royal Bank of Canada (RBC).

Nearly half (48 per cent) added they could no longer afford to maintain their standard of living, while nearly a third (29 per cent) said their finances were in a constant state of chaos.

“It’s having to make decisions: which bill am I going to pay next? Am I going to ask my family for money perhaps, or move in with relatives?” said Craig Bannon, director of regional financial planning support at  RBC.

“It’s the challenges that are coming with just being able to meet the regular monthly costs of living. And then those choices to make, am I going to pull from savings if I …