As inflation continues to rise in Saskatoon, many residents are facing financial difficulties and turning to high-risk loans to make ends meet. The increasing cost of living, driven by factors such as rising fuel prices, supply chain disruptions, and higher demand for goods and services, is putting pressure on the budgets of many households in the city.
Inflation in Saskatoon has been outpacing wage growth, leaving many residents with stagnant or shrinking real incomes. This has forced some to rely on high-risk loans, such as payday loans or installment loans, to cover their expenses.…