Video has surfaced of a working Canadian woman, potentially a senior, breaking into tears over the cost of living — and she's concerned for those in worse situations.The video, published by political pundit and YouTuber @mistersunshinebaby shows the woman recording herself speaking and crying about her expenses. "$187 on my hydro bill," said the woman. "I filled my SUV up to go to work — it used to cost me $71 — it cost me $98 — I feel nauseated at the gas station.".According to the National Institute on Ageing's 2023 survey, one in four elderly adults in Canada say their incomes are too low and they are financially stressed."Many seniors are having to make tough choices as a rising cost of living compounds difficulties brought about by two years of life during the pandemic," writes Healthy Aging Alberta on its website."We're seeing situations where people are making really difficult decisions between covering their utility costs and covering the costs for food," said Karen McDonald, executive director for the Edmonton — based Sage Seniors Association."Inflation and living costs jumped in Canada, beginning in late — 2021 and accelerating throughout 2022," wrote the Fraser Institute."Faced with the highest inflation in four decades, the Bank of Canada belatedly responded with dramatic interest rate hikes in 2022 and the first half of 2023."Food inflation has skyrocketed, said the Institute. Since January 2020, the food component of the Consumer Price Index has increased by 24%."According to the latest Canadian inflation report, food inflation has dropped to 2.4% on a year-over-year basis, but consumers are still struggling with sticker shock at the grocery store."Younger Canadians are also feeling desperate over the cost of living.
Video has surfaced of a working Canadian woman, potentially a senior, breaking into tears over the cost of living — and she's concerned for those in worse situations.The video, published by political pundit and YouTuber @mistersunshinebaby shows the woman recording herself speaking and crying about her expenses. "$187 on my hydro bill," said the woman. "I filled my SUV up to go to work — it used to cost me $71 — it cost me $98 — I feel nauseated at the gas station.".According to the National Institute on Ageing's 2023 survey, one in four elderly adults in Canada say their incomes are too low and they are financially stressed."Many seniors are having to make tough choices as a rising cost of living compounds difficulties brought about by two years of life during the pandemic," writes Healthy Aging Alberta on its website."We're seeing situations where people are making really difficult decisions between covering their utility costs and covering the costs for food," said Karen McDonald, executive director for the Edmonton — based Sage Seniors Association."Inflation and living costs jumped in Canada, beginning in late — 2021 and accelerating throughout 2022," wrote the Fraser Institute."Faced with the highest inflation in four decades, the Bank of Canada belatedly responded with dramatic interest rate hikes in 2022 and the first half of 2023."Food inflation has skyrocketed, said the Institute. Since January 2020, the food component of the Consumer Price Index has increased by 24%."According to the latest Canadian inflation report, food inflation has dropped to 2.4% on a year-over-year basis, but consumers are still struggling with sticker shock at the grocery store."Younger Canadians are also feeling desperate over the cost of living.
