Canadians use GoFundMe for daily expenses due to rising inflation, with over 200,000 campaigns raising $480M in 3 years.

Canadians use crowdfunding platforms like GoFundMe to cover daily expenses due to rising inflation. In 3 years, over 200,000 campaigns raised $480M, with food and housing as the top reasons. Toronto, Calgary, and Vancouver saw the most campaigns. GoFundMe reports a 274% increase in campaigns mentioning "cost-of-living" since 2020. Inflation rose 3.9% in 2023, following 6.8% in 2022 and 3.4% in 2021.

February 24, 2024
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