CIBC poll shows that Canadians' top financial priority is paying down debt

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      Once again, a large number of debt-soaked Canadians have told a pollster that they're going to put repaying creditors at the top of their financial to-do list in the coming year.

      It's the eighth consecutive year that this has been the Number 1 financial priority of those surveyed for CIBC by the Angus Reid Institute.

      In the coming year, 25 percent proided this response, which was down from 28 percent last year.

      "With inflation outpacing average earnings and the risk of outliving our assets, it's essential to set out your short- and long-term financial goals in a comprehensive financial plan that strikes the right balance between paying down debt and growing savings," CIBC's Jennifer Hubbard said in a news release.

      Canada's household debt to disposable income reached a record of 171.1 percent in the third quarter of this year.

      The Number 2 financial priority is keeping up with bills and getting by, with this being cited by 15 percent of respondents.

      Third on the list at 13 percent was "growing my wealth/investments".

      You can see the full list below.