Post-Holiday Stress?

In its latest study, MNP Debt found that the first few days of the new year right after the holidays represent a rude awakening for millions of Canadians already labouring under ever-growing debt levels.

The survey, which was conducted by Ipsos for MNP, uncovered that roughly 3 in 10 (31%) Canadians expressed anxiety and regret over the arrival of their holiday bills, including credit card transactions. Almost a quarter (22%) of the respondents stated that they are “losing sleep” due to over-spending last December.
 
“Holiday spending puts many deeper into debt, which then increases feelings of fear, anxiety, guilt and stress. To make matters worse, some deal with these feelings and the January activity lull by spending even more,” MNP president Grant Bazian said.