Big4.com Reports on PwC Survey Showing Canadians Cutting Back on Big Ticket Items

Share Article

Consumers taking Ottawa’s advice on debt

Big4 Logo

Big4

Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers, PwC is reporting on a new PwC survey whereby Canadian respondents are willing to put off the purchase of a new car, a new house , new electronics and other big ticket items, apparently heeding their government’s warning about debt reduction.

Big4.com notes the survey by PwC saw fear the debt couldn’t be repaid (47%), the economy (46%), and uncertainty in the financial markets (33%) as the big reasons Canadians are willing to reign in their personal debt.
John MacKinlay, Leader of PwC’s National Financial Services Consulting and Deals practice commented:

“Across the board, we are seeing a new desire by Canadians to cut back on major expenditures from our survey a year ago. Clearly, they are heeding the various warnings from the federal government and the Bank of Canada,” he said.

Looking at the results, Big4.com noticed there was a planned reduction in many categories like the 69% of respondents that will delay a new car purchase and the 62% who will delay upgrading their home. On another interesting note, 58% of all retired respondents carried some debt according to the survey, with 42% carrying more than $10,000.

About Big4.com
Big4.com is the accounting, tax, consulting and IT professions’ premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities – clients include the world’s leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space.

Big4.com has a strong presence on key social media platforms:
Youtube: Big4Video is a professionally produced weekly news magazine.
Twitter: twitter.com/big4 has 9,000 followers.
LinkedIn: The Big Four Alumni and Professionals group is the largest corporate and alumni group with 85,000+ members.
Facebook: The Big4 fan page has 5,500 fans at facebook.com/big4page.
Xing: The Big Four Alumni and Professionals group has 1,450+ members.

# # #

Share:        

Contact
Kristy Short
Big4.com
(734) 481-0186
Email

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Kristy Short
Big4.com
(734) 481-0186
Email >
Visit website