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DATE
Report
PROJECT NUMBER
Omni Report May 2, 2019
FP CANADA
2019-05-02 82618-010
2
QUANTITATIVE RESEARCH INSTRUMENTAn online survey of 1557 Canadians was completed between April 26-29, 2019, using Leger’s online panel. The margin of error for this study was +/-2.5%, 19 times out of 20.
ABOUT LEGER’S ONLINE PANELLeger’s online panel has approximately 400,000 members nationally and has a retention rate of 90%.
QUALITY CONTROLStringent quality assurance measures allow Leger to achieve the high-quality standards set by the company. As a result, its methods of data collection and storage outperform the norms set by WAPOR (The World Association for Public Opinion Research). These measures are applied at every stage of the project: from data collection to processing, through to analysis.We aim to answer our clients’ needs with honesty, total confidentiality, and integrity.
METHODOLOGY
THE RESULTS
EIGHT-IN-TEN WITH CHILDREN UNDER 18 SAY THEY INTEND TO ASSIST THEIR CHILDREN WITH POST-SECONDARY COSTS
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0001 When thinking about providing financial assistance to your children, to what extent do you agree or disagree with each of the following:Base: Those with children <18 (n=357).
6%
17%
13%
12%
19%
14%
13%
16%
17%
8%
18%
24%
29%
22%
41%
32%
34%
29%
29%
41%
18%
14%
13%
13%
N/A Don't know Strongly disagree Somewhat disagree Somewhat agree Strongly agree
I intend to assist my children with post-secondary costs
As a result of student debt, I expect that my children will have to postpone buying a
home
I expect that assisting my children with post-secondary costs will postpone my
retirement
I expect that assisting my children with post-secondary costs will prevent me from
paying off my debt
As a result of student debt, I expect my children will have to postpone moving out
Eight-in-ten (82%) parents with children under age 18 say they intend to assist their children with post-secondary costs. Half (51%) expect that their children will have to postpone buying a home as a result of student debt, and four-in-ten expect their children will have to postpone moving out. Parents with older children (age 13-17 vs <13) are more likely to agree with most statements below. Those who say their children are a financial strain on them are more likely to agree with most statements.
AGREEMENT WITH THE FOLLOWING:AGREE(NET)
82%
51%
48%
42%
42%
AGE OF CHILDREN AGE OF PARENT
<13 13-17 <55 55+
84% 79% 82% 82%
50% 59% 51% 52%
45% 62% 48% 51%
41% 52% 41% 64%
39% 53% 42% 51%
Significantly higher
TWO-THIRDS HAVE ASSISTED THEIR CHILDREN WITH POST-SECONDARY COSTS – FEWER FEEL IT HAS IMPACTED THEIR OWN FINANCES
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0001 When thinking about providing financial assistance to your children, to what extent do you agree or disagree with each of the following:Base: Those with children 18+ (n=595).
I have assisted my children with post-secondary costs
Assisting my children with post-secondary costs has prevented me from paying off
my debt
As a result of student debt, my children have postponed buying a home
Assisting my children with post-secondary costs has postponed my retirement
As a result of student debt, my children have postponed moving out
AGREEMENT WITH THE FOLLOWING:
3%
5%
4%
3%
7%
3%
3%
22%
57%
54%
61%
66%
7%
16%
16%
18%
16%
30%
14%
12%
11%
7%
36%
6%
7%
4%
4%
N/A Don't know Strongly disagree Somewhat disagree Somewhat agree Strongly agree
AGREE(NET)
67%
20%
19%
16%
11%
AGE OF CHILDREN AGE OF PARENT
18-24 25+ <55 55+
72% 66% 67% 67%
32% 17% 36% 15%
27% 17% 30% 15%
20% 14% 22% 14%
23% 8% 21% 8%
Two-thirds (67%) of parents of children over age 18 say they have assisted their children with post-secondary costs, with two-in-ten or less saying they have experienced financial difficulties for themselves or their children because of student debt. Parents of children 18-24, younger parents (under age 55) and those who say their children are a financial strain on them are more likely to agree with most statements.
Significantly higher
ABOUT THREE-IN-TEN FEEL THEIR CHILDREN GRADUATED/WILL GRADUATE POST-SECONDARY SCHOOL WITH $10K IN STUDENT DEBT
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0001 When thinking about providing financial assistance to your children, to what extent do you agree or disagree with each of the following: Base: those with any children (n=913)
My children graduated / will graduate from post-secondary school with student debt of $10,000 or more
My children are causing a strain on me financially
Younger parents (under age 55) are significantly more likely to agree that they children graduated /will graduate with student debt of $10, 000 or more, and that their children are causing a strain on them financially.
AGREEMENT WITH THE FOLLOWING:
14%
2%
37%
46%
15%
23%
16%
18%
14%
7%
N/A Don't know Strongly disagree Somewhat disagree Somewhat agree Strongly agree
AGREE(NET)
31%
25%
AGE OF PARENT
<55 55+
36% 25%
35% 15%
Lisa CovensVice-President
Communications and Public AffairsO: 416-964-4107
26THE TORONTO PR TEAM
Ashley SimacResearch Director
Communications and Public AffairsO: 416-964-4114
@leger360 /LegerCanada /company/leger360 @leger360leger360.com
