9% of Higher Income Canadians May Use Food Banks

Data from spring 2024 reveals significant financial concerns among Canadians, with 42 percent expressing worry over escalating food prices. Notably, nine percent of individuals in the highest income bracket anticipate needing assistance from food banks or community organizations, a figure that increases to 14 percent for those in the second-highest income bracket. Overall, nearly half of Canadians report difficulties in managing daily expenses, a rise of 12 percentage points since 2022, with families with children and individuals with disabilities facing the most challenges. Families with children are particularly affected, with 55 percent indicating that rising costs hinder their ability to cover daily expenses. In contrast, 42 percent of households without children and 37 percent of single Canadians report similar struggles. Individuals with disabilities also experience heightened financial strain, with 57 percent stating they are struggling to meet daily costs, compared to 43 percent of those without disabilities. Housing affordability remains a pressing issue, with nearly 40 percent of Canadians concerned about their ability to secure a home due to rising prices, an increase from 30 percent in 2022. Food affordability is another critical concern, as over 23 percent of Canadians fear they may not be able to afford groceries, up from 20 percent two years ago. Among those worried about food prices, eight percent are very likely to seek help from food banks, while 15 percent are somewhat likely to do so. The survey, conducted between April 19 and June 3, highlights the growing reliance on community support, particularly among families with children and individuals with disabilities, as they navigate the challenges posed by rising living costs.