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moneysense.ca, 16/12/05
The Spending Habits of Canadians
Statistics Canada recently released its 2004 Survey of Household Spending. The major expense items are:
Personal taxes – 20%
Shelter – 19%
Transportation – 13.5%
Food – 11%
Recreation – 5.7%
Insurance and RRSPs – 5.7%
Household operation – 4.6%
Clothing – 4%
Average household expenses have increased at a fairly brisk pace in recent years: 4.5% in 2002, 1.8% in 2003 and 4.0% in 2004 (NB: The growth in CPI over the same period was 3.9%, 2.0% and 2.1% respectively). With sky-high energy prices, we can expect another fairly significant increase in 2005.
You can also read about last year’s survey here.
moneysense.ca, 16/12/05









i might be in trouble.
Here’s mine:
personal taxes – 22.8%
shelter – 18.7%
transportation – 7.7%
food – 7.5%
recreation – 5%
Insurance and RRSPs – 12.5%
Household operation – 6.6%
Clothing – 2%
I think I’m contributing way too much to my RRSP.
Petey: That’s a good thing!
What surprised me is that Canadians on average seem to spend more or less the same on RRSP contributions and Tobacco and alcohol.
ok same into the alcohol and tobacco is just down right scary.
I did the math, that works out to be a LOT of alcohol or a very small contribution to their RRSP… or BOTH!
I am curious to know where the other 16.5% is going
the other 16.5% goes towards savings I would imagine. I think that’s a reasonable amount to save a year.
Stephan: There is a laundry list of expenses that make up the rest of the expenses: Household furnishings and equipment, Healthcare, gifts, tobacco and alcohol, education, misc., personal care etc.
Petey: The breakdown is the % of the average household expenses of $63,640. Sadly, the average Canadian savings rate is negative and the median contribution is only $2600.
Sorry, I was going for a bit of levity but I obviously failed
Wouldn’t booze & smokes come under “recreation”? uh oh there I go again.
Yeah. So, should games of chance