30 per cent in BC would use a windfall to pay down debt

On St Patrick’ Day, Vancity has published a survey to find out how British Columbians would put a ‘four leaf clover’ of good fortune to use. Based on a windfall of $10,000 the majority (39 per cent) would save it for the future while the next largest group (30 per cent) would use it to pay down debt. 

The poll found that almost half of respondents (46 per cent) haven’t taken any basis steps to prepare for retirement and are relying on luck for future finances. Ten per cent are waiting for inheritance while 9 per cent are hoping to meet a partner with savings and the same number will try to fund retirement through gambling! Another 5 per cent will be looking for support from their children.

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