Past Survey Results

Friends Playing Hockey
Friends Playing Hockey

2015

 THE DEBT DATA

  • 30% of parents say they or someone they know are borrowing money to put a child in extracurricular activities.
  • 16% of parents say they or someone they know are deferring or using their retirement savings to put a child in extracurricular activities.

WHAT COMES FIRST – EDUCATION OR HOCKEY?

  • 63% of parents agree that it’s important for parents to start saving for their child’s post-secondary education before spending money on extracurricular activities like hockey.
  • Almost half (48%) of parents have invested in a Registered Education Savings plan to help their children manage the costs of  post-secondary education. (Canada Education Savings Program – Annual Statistical Review 2014)

THE GOOD OLD HOCKEY GAME – OR NOT?

  • Over half (57%) of Canadian parents feel that every child should have the chance to play hockey if they want to because it’s part of growing up in Canada. This is a 10 % drop from last year’s survey.
  • Close to 1 in 3 parents (30%)  say they or someone they know regrets how much they’ve spent on extracurricular activities.
  • More parents than ever (36%) say either they or someone they know is pulling kids out of hockey and other activities because of the cost.

WHAT DOES ALL OF THIS MEAN?

  • The cost of extracurricular activities is starting to have many Canadian parents rethink their priorities.  More parents are going into to debt putting ice time before education savings for their children.
  • Parents shouldn’t have to choose between sports and education – there’s a way to make both a priority.

The Leger survey of 1,537 Canadians was conducted October 19 to October 22, 2015, using Leger’s online panel, LegerWeb.  A probability sample of the same size would yield a margin of error of +/- 2.5%, 19 times out of 20.

2014

THE DEBT DATA

  • 36 per cent of parents say they or someone they know are borrowing money to put a child in extracurricular activities (compared to 38 per cent in our 2013 survey).
  • 24 per cent of parents say they or someone they know are deferring or using their retirement savings to put a child in extracurricular activities (compared to 23 per cent in our 2013 survey).

What comes first – education or hockey?

  • 63 per cent of parents agree that it’s important for parents to start saving for their child’s post-secondary education before spending money on extracurricular activities like hockey.
  • 46 per cent of parents say they or someone they know are spending more money to put a child in an extracurricular activity like hockey rather than in an education savings plan for that child.
  • Almost half (49 per cent) of parents say they or someone they know is having trouble managing the costs of hockey and post-secondary education and the same percentage say they’re pulling their kids out because of costs.

The good old hockey game – or not?

  • More than two-thirds (69 per cent) of Canadian parents feel that every child should have the chance to play hockey if they want to because it’s part of growing up in Canada.
  • More than 1 in 4 (27 per cent) of parents say they or someone they know regrets how much they’ve spent on extracurricular activities – the same percentage also say they wish they saved more for their child’s education.

What does all of this mean?

  • Not too much has changed from last year – parents are still feeling strapped financially and clearly are having trouble managing both the costs of extracurriculars (i.e. hockey) while putting money aside for their child’s education.
  • Parents shouldn’t have to choose between sports and education – there’s a way to make both a priority.

 2013

THE DEBT DATA

  • 38 per cent of parents say they or someone they know are borrowing money to put a child in extracurricular activities.
  • 23 per cent of parents say they or someone they know are deferring or using their retirement savings to put a child in extracurricular activities.

WHAT COMES FIRST – EDUCATION OR HOCKEY?

  • 60 per cent of parents agree that it’s important for parents to start saving for their child’s post-secondary education before spending money on extracurricular activities like hockey.
  • 51 per cent of parents say they or someone they know are spending more money to put a child in an extracurricular activity like hockey rather than in an education savings plan for that child.
  • 89 per cent say it’s important for parents to help pay for a child’s post-secondary education in the face of rising tuition costs.

Sources: 2013 Leger Survey for C.S.T. Consultants Inc. and 2014 Leger Survey for C.S.T. Consultants Inc.