A new report suggests St. Catharines residents are 'living constrained' when it comes to our household financial health.
Prosper Canada and the Canadian Council on Social Development released the report funded by the not-for-profit Investment Industry Regulatory Organization of Canada analyzing Canada's 35 largest cities.
The report describes five cities as 'living constrained', including St. Catharines, Brantford, Belleville, Saint John, and Moncton.
Authors define the areas as having below average income, wealth, and debt, but with lower than average poverty levels.
The cities considered 'living large' come as no surprise: Toronto, Vancouver, Calgary, Kelowna, and Guelph fall into that category with high income and wealth, but also high debt.
The report also says 41% of Canadians are living paycheque to paycheque.