As 2013 comes to an end, how would you summarize your financial status?

Ipsos Reid and Sun Life surveyed 1,239 and found that 57% of Canadians believe that they were no better off now than they were last year. More optimistic were 38% of respondents who claim to have improved their financial positions while 5% said they weren't sure.

Sifting through the data, women (61%) were more likely than men (53%) to express feeling worse off financially, as were seniors 55 and over (61%) when compared to the 35-54 age group at 58% or the 18-34-year-old adults at 50%.

The survey also shows that while 36% of Canadians contribute to retirement savings, with 18% doing so on a regular or monthly basis and 12% making lump-sum contributions yearly, the vast majority - 58% polled - made no RRSP contributions.

Sun Life president Kevin Dougherty notes: "It's concerning that a majority of Canadians aren't feeling better off financially than they were last year as we head into a holiday season where we tend to spend more and save less. Canadians can take steps toward feeling better by putting a financial plan in writing and perhaps consider it as a new year's resolution."

There were also differences by provinces with 47% of Albertans feeling less financially healthy, followed by those in Saskatchewan and Manitoba (45%), and Canadians in the Atlantic provinces (43%). In Quebec, 63% of respondents felt less well off than they did in 2012.

Latest life insurance articles
How Does Vaping and e-Cigarettes Affect Life Insurance?
Many insurers may classify vaping in the same way they do smoking. If you smoke or vape, you can still qualify for a life insurance premium, but in all likelihood, you will pay a higher rate than someone who does not.
Credit Life Insurance: Is it Worth It?
You’re a new homebuyer in the final stages of closing a mortgage. Suddenly the lender rep asks if you want to take out a life insurance policy for your mortgage. Do you take it?
What Not to Do Before a Life Insurance Medical Exam
The night before a medical exam for your life insurance is important and shouldn’t be taken lightly.