Ontarians eat out most frequently; brown-bagging once more a week can
help Canadians save
TORONTO, July 9, 2012 /CNW/ - While some Canadians seek out low-cost
alternatives for lunch, many are spending hundreds of dollars a year on
their midday meal, a new survey by Visa Canada confirms.
"Sixty percent of Canadians surveyed reported they buy their lunch once
or more a week, an expense that can add up over the course of a year.
With a little understanding of budgeting and a lot more brown bags in
their briefcases when they head out the door each morning, it is easy to trim
this unnecessary and costly expense," says Melissa Cassar, head of
corporate and public affairs at Visa Canada.
The survey reveals that the majority of Canadians who buy lunch - 61
percent - are spending between $7.00 and $13.00, while nine percent are
spending between $14.00 and $25.00. Regularly dining out for lunch at
these prices can significantly affect the budgets of Canadians, no
matter what their income level.
"If you think about a brown bagged lunch costing about $2 to $3 per day,
compared with this survey's national average of $8.80 for those who buy
their lunch, getting into the habit of spending an extra ten minutes
each day preparing a sandwich or packing leftovers will put more money
back in your pocket every week," says Cassar.
Other findings from the survey include:
Ontarians eat out for lunch most frequently. Twenty per cent eat out
three or more days per week, compared to the national average of 15 per
cent who eat out at the same frequency. Only 34 percent of Ontarians
never eat out for lunch.
More Quebec residents bring brown bags to work than any other Canadians
- a full 50 percent pack a lunch every day, followed closely by
Albertans (43 percent) and then British Columbians (39 percent).
Men spend more on lunch than women, forking out an average of $9.30 vs.
$8.30, respectively. Men also eat out for lunch more frequently
(average of 1.3 times per week) compared to women (average of once per
Young Canadians (aged 18 - 34) who eat out for lunch do so 2.3 times per
"One of the most telling findings of this survey was that 30 percent of
Canadians plan on spending less on lunch this year. Corrective measures
like brown bagging create real savings," says Cassar, "and they are as
easy as pie - the one you make at home rather than the slice you buy at
the coffee shop."
Financial education has been a global priority for Visa since 1995. In
2008, Visa made a commitment to the Clinton Global Initiative to share
its financial literacy programs with 20 million people worldwide by May
1, 2013, and Visa is well on its way to achieving this milestone.
More money advice and perspective from Visa Canada is available at www.PracticalMoneySkills.ca.
Visa is a global payments technology company that connects consumers,
businesses, financial institutions and governments in more than 200
countries and territories to fast, secure and reliable digital
currency. Underpinning digital currency is one of the world's most
advanced processing networks—VisaNet—that is capable of handling more
than 20,000 transaction messages a second, with fraud protection for
consumers and guaranteed payment for merchants. Visa is not a bank and
does not issue cards, extend credit or set rates and fees for
consumers. Visa's innovations, however, enable its financial
institution customers to offer consumers more choices: pay now with
debit, ahead of time with prepaid or later with credit products. For
more information, visit www.corporate.visa.com.
About the Survey
From March 16th to March 17th, 2012, an online survey was conducted
among a sample of 1,000 Canadian adults 18 years plus, who are Angus
Reid Forum panel members. The Angus Reid Forum is owned and operated
by Vision Critical. Individuals were sampled according to Census data
to be representative of the Canadian national adult population. The
full dataset has been statistically weighted according to the most
current gender, age, region, education (and in Quebec, language) Census
data to ensure a sample representative of the entire adult population
of Canada. The margin of error is ±3.1%, 19 times out of 20.
Discrepancies in or between totals are due to rounding.
Image with caption: "Canadians who buy lunch spend $8.80 on average, according to Visa Canada - an expense that adds up. (CNW Group/VISA Canada Corporation)". Image available at: http://photos.newswire.ca/images/download/20120709_C6204_PHOTO_EN_15943.jpg
SOURCE VISA Canada Corporation
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