National Bank of Canada

National Bank of Canada

October 03, 2011 11:01 ET

80% of Quebecers Aged 18-34 Would Choose to Stay at Home Longer to Raise Their Child - CROP(i) survey: The reflection of Quebecers' financial position

MONTREAL, QUEBEC--(Marketwire - Oct. 3, 2011) - (TSX:NA) - The latest findings of the* survey conducted by the polling firm CROP on raising a child despite financial constraints show that a large majority (80%) of young Quebecers (18 to 34 years old) would choose to stay at home longer to raise their child if their financial situation would allow it. Over the course of the next year, almost one out of five young adults (16%) is planning to have a child.

But in reality, can they afford to stay at home? "No", say the majority of young adults (61%) who would like to do so. In fact, young people say that their financial situation will force them to return to work earlier than they would like.

More precisely, two out of five (40%) young adults state that they would need over $1,000 more per month in order to stay at home to raise their child. However, it seems that a large percentage of young adults have not done the financial calculations necessary to predict the financial impact of the arrival of a child.

Participants in the Outaouais area were the largest group (52%) to estimate they would need over $1,000 per month to stay home to raise their child compared to only 23% in the Saguenay region at the opposite side of the scale.

How much additional money would you need each month to enable you to stay home? Montreal Quebec City Mauricie Saguenay Eastern Townships Outaouais
$1,000 and more 42% 26% 36% 23% 31% 52%

To find out more about Quebecers' opinion on raising a child despite financial constraints, view the poll at

*Methodology: Data collection took place online through web panel in December. A total of 1,814 Quebecers participated in this study. The results were then weighted to reflect the Quebec population. Given the non-probability sample line, the calculation of the margin of error does not apply.

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