{"id":812671,"date":"2026-07-19T18:55:10","date_gmt":"2026-07-19T18:55:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/812671\/"},"modified":"2026-07-19T18:55:10","modified_gmt":"2026-07-19T18:55:10","slug":"mnp-debt-index-reveals-lifestyle-shrinkflation-gripping-atlantic-canada","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/812671\/","title":{"rendered":"MNP Debt Index Reveals \u2018Lifestyle Shrinkflation\u2019 Gripping Atlantic Canada"},"content":{"rendered":"<p>\t\t\t\t&#13;<\/p>\n<p>Insolvency Trustee MNP\u2019s latest Consumer Debt Index shows that <a href=\"https:\/\/mnpdebt.ca\/en\/resources\/mnp-debt-blog\/mnp-debt-index-newfoundland-labradorians-in-paycheque-cycle\" rel=\"nofollow noopener\" target=\"_blank\">close to 70 per cent<\/a> of respondents in Atlantic Canada say at least half of their next paycheck is already committed to bills, debt payments and regular expenses.<\/p>\n<p>That\u2019s leading to what MNP calls, \u2018lifestyle shrinkflation\u2019 with two in five of those surveyed indicating that they are struggling to get ahead, and a similar number saying they\u2019re cutting back on spending on family and personal enjoyment.   <\/p>\n<p>Licensed Insolvency Trustee with MNP, Tara Silliker, says Atlantic Canadians are feeling the pinch more than anywhere else in the country.<\/p>\n<p>The survey found that three in five households are \u201cdesperate\u201d for interest rates to come down, while almost half of those asked are cutting back on buying clothes, personal care, and children\u2019s activities.<\/p>\n<p>Silliker says the rising cost of living is forcing people to make difficult choices.<\/p>\n<p>\u201cAtlantic Canada seems to be the most impacted and we\u2019ve experienced in Atlantic Canada some of the fastest increases in rental rates, home prices, groceries, energy costs, and the income growth in this region has just not kept pace with those living costs.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; Insolvency Trustee MNP\u2019s latest Consumer Debt Index shows that close to 70 per cent of respondents in&hellip;\n","protected":false},"author":2,"featured_media":812672,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,269876,185074,269873,269875,269877,269874,269870,269871,269872],"class_list":["post-812671","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada","tag-listen-to-vocm","tag-news-radio","tag-news-radio-st-johns","tag-st-johns-fm-radio","tag-st-johns-local-radio","tag-st-johns-radio-station","tag-vocm","tag-vocm-590","tag-vocm-radio"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/812671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=812671"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/812671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/812672"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=812671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=812671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=812671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}