Lac-Etchemin

Expert Debt Solutions & Consumer Proposals

_{Lac-Etchemin, debt relief, Quebec}

Lac-Etchemin, Quebec, home to about 4,098 residents with a significant senior population, faces financial challenges due to rising living costs and limited job opportunities. Many seniors on fixed incomes struggle with monthly expenses, exacerbated by an increasing unemployment rate. The community’s financial difficulties highlight the need for effective debt relief solutions like consumer proposals and credit counselling.

City: Lac-Etchemin
Province/Territory: Quebec (QC), Canada
Est. Population: 4,061

Financial Challenges

Many people in Lac-Etchemin have a hard time managing their money because a large number of residents are seniors who rely on fixed incomes. Rising costs for things like groceries, housing, and healthcare make it difficult for them to cover all their expenses each month. Without the ability to earn more money, these residents often find it challenging to keep up with their financial needs.

Additionally, finding good jobs in Lac-Etchemin can be tough, especially since the unemployment rate is increasing. With fewer job opportunities available, people who are working or looking for work may not be able to earn enough to support themselves and their families. This lack of employment options adds extra pressure, making it harder for individuals to solve their money problems and improve their financial situation.

Debt Relief Solutions Available

_{*Illustration of Lac-Etchemin, Quebec}

Debt Data

This table includes estimates on the number of residents who are experiencing financial stress situations. You are not alone.

_{The estimates above are based on the following ratios living paycheck to paycheck rate (47%), poverty rate (11.1%), delinquency rate (1.09%), insolvency rate (0.25%), consumer proposal rate (0.19%), personal bankruptcy rate (.06%) from the following sources leger360.com, statcan.gc.ca, consumer.equifax.ca and is, d-isde.canada.ca.}

Areas / Neighbourhoods

• Centre-ville de Lac-Etchemin
  The downtown area, known for its local shops, cafes, and restaurants. It serves as the cultural hub of the town, hosting various community events and festivals throughout the year.

• Lac-Etchemin Park
  An expansive recreational area featuring walking trails, picnic spots, and access to the lake. It’s ideal for family outings, leisure activities, and enjoying nature.

• Rue Principale
  This main street is lined with a mix of residential homes and businesses, making it a vibrant neighborhood. It is often bustling with activity and offers easy access to essential services and amenities.

• Les Jardins de Lac-Etchemin
  A newer residential development known for its modern homes and family-friendly atmosphere. This neighborhood is popular among young families looking for a peaceful environment close to nature.

• Quai de Lac-Etchemin
  A picturesque area along the waterfront, perfect for fishing, boating, or simply relaxing by the water. This scenic spot attracts both residents and tourists seeking outdoor activities.

• Zone agritouristique
  This agritourism area comprises farms and markets offering local produce. It provides a unique experience of rural life and supports the local economy by promoting farm-fresh goods.

• Secteur de L’Étang
  A quiet and tranquil neighborhood located near a small pond. It is popular among those who appreciate nature, with opportunities for birdwatching and leisurely walks.

• L’École de Lac-Etchemin Area
  Surrounding the local school, this area is lively and family-oriented, with numerous parks and playgrounds, making it a preferred location for families with children.

_{Illustration of Lac-Etchemin, Quebec, Canada}

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Lac-Etchemin, Canada to help understand the financial requirements for different living situations.

_{The cost of living data is based on provincial averages and may differ between cities, towns, and rural areas.}

Top Questions

1. What is the average cost of living in Lac-Etchemin compared to other cities in Quebec?
2. How do property prices in Lac-Etchemin compare to the rest of Quebec?
3. What are the main sources of employment and economic development in Lac-Etchemin?
4. How has the economic outlook for Lac-Etchemin changed in recent years?
5. What financial assistance programs are available for residents facing economic challenges in Lac-Etchemin?
6. How does the cost of utilities in Lac-Etchemin compare to neighboring communities?
7. What are the average salaries for various professions in Lac-Etchemin?
   

If you have a question about debt see our debt related question or ask your own debt related question.

Overview

Located in Quebec, this small town is home to about 4,098 residents as of 2023, with a notable aging population where approximately 35.5% of the community is 65 years or older. The average age is around 51.4 years, and the majority of residents are native French speakers. The area offers a friendly, rural atmosphere with various outdoor activities and beautiful natural surroundings, making it appealing for both families and retirees. Being a tight-knit community, it fosters relationships among its residents and promotes local events throughout the year.