Canadians’ focus in 2013: paying down debt

Canadians big financial goal is paying down debt, not retirement.

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Canadians main financial priority in 2013 is paying down debt according to a CIBC poll. In the annual poll conducted by Harris/Decima for CIBC, it found that more of us are focused on paying down outstanding debts rather than on retirement planning or saving.

The poll found that 17% of Canadians wish to pay down debt while only 7% of us feel that retirement planning is our main financial goal. Savings was the main focus for 10% of those polled while day to day budgeting was the goal of 8% of Canadians.

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