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Canadians Cut Back on Fun Amid Rising Costs | Calgary News
Canadians are feeling the squeeze as 61% report half their paycheck vanishing to bills and debts before it hits their account, with 16% spending more than they earn. In response, many are embracing “lifestyle shrinkflation” — cutting back on travel, dining out, concerts, and social gatherings. Nearly 60% are traveling less, and over half are dining out less. Social spending is also down: 28% are giving fewer gifts, and 21% are hosting less. While the MNP Consumer Debt Index shows a slight uptick, BNPL services have surged more than double in usage as people seek ways to manage rising costs —…
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