According to a recent survey by the Angus Reid Institute, one-third of Canadians are struggling financially and two-fifths are using their savings to make ends meet. Canada is experiencing inflation rates that have not been seen since the 1980s, resulting in pressure on household budgets, specifically when it comes to buying groceries. The number of Canadians describing themselves as financially challenged has hit an all-time high since the beginning of the COVID-19 pandemic. Two-thirds of Canadians have reduced their discretionary spending, and 40 percent are withdrawing money from accounts they typically leave untouched due to recent challenges. Additionally, a significant number of respondents deferred contributions to their tax-free savings account or retirement RRSP. Those who are financially tapped borrow money from friends and family or sell assets or turn to bank loans. With rising food costs, which continue to remain high, 34 percent of Canadians report that they are in bad or terrible financial shape. The survey found that 55 percent of workers received a raise in the last 12 months, while 45 percent, especially those employed in sales, retail, and hospitality industries, did not. Finally, 43 percent of respondents postponed major purchases of homes, cars, or large appliances due to the rise in the cost of living.