High inflation in Canada caught students
According to IRNA Sunday, in a field report, this Canadian media discussed the life situation of a communication student at the University of British Columbia, Canada, and wrote that health expenses usually put pressure on students’ budgets, but now, high inflation, unprecedented in the past 39 years, It has increased the pressure on this segment of the society.
In June, students were under double pressure with inflation at 8.1% – the highest level since 1983 – and an economy hit by Covid-19, labor shortages, supply chain challenges and forecasts of a recession.
This means that students are faced with increasing tuition, housing and food costs, and buying books or even basic needs has become more expensive than before. Going to the movies, restaurants or foreign destinations also costs more.
Most students are not used to these price increases. The last time inflation was this high, most of them weren’t even born, and those who pursued university and college educations later in life often can’t remember living under high inflation.
Last June, a 2001 Canadian survey conducted by the market research firm Leger found that 45 percent of respondents between the ages of 18 and 34 said their financial stress was so severe that it was affecting their mental health. delivered
Inflation is worse for international students, who have to pay higher tuition fees and typically don’t have families living close enough to support them, and cause more financial anxiety for students, the report said. They create.
According to IRNA, a new survey by Ipsos Institute has shown that inflation has become the most important concern of the people of the world and 66% of the people of the world believe that the economic situation of their country is bad.
According to this survey, among the countries where inflation has become the most important concern of the people are: Argentina, Australia, Belgium, Canada, France, Germany, England, Poland, America and Turkey.
According to this survey, economic issues were the most important concern of the people of the world in June, and after inflation, which was at the top with 37%, poverty and social inequality with 31% and unemployment with 28% were respectively the most important factors of people’s concern.
CBS recently reported that the increase in the cost of living in Canada due to inflation has forced people to give up some of their favorite activities.
In March 1400, the Central Bank of Canada started raising interest rates to prevent rapid inflation. This bank also sent signs that the interest rate may increase in the coming years.