CIBC survey reveals postsecondary students’ financial concerns amid COVID-19

July 8, 2020

A CIBC online survey of 1,053 Canadian postsecondary students has found that half of participants fear that they will be unable to attend a postsecondary institution this fall due to income disruptions as a result of COVID-19. The survey also revealed that 87% of those polled were experiencing one or more financial concerns, and that postsecondary students are more likely to indicate that their incomes would be impacted than adult Canadians with similar concerns (68% versus 36%). “The consequences of COVID-19 have severely affected the students' chances of keeping their summer job or finding a new job,” observed CIBC Managing Director, Tax and Estate Planning Jamie Golombek. “This group is going through a very difficult time because so much of student life is planning for the future.” Newswire | CIBC (National)