What a difference a year makes, this time last year 57 per cent of the people surveyed by the Canadian Payroll Assocaition reported they would be in financial difficulty if their pay cheque was delayed by even a week.

Today the number has dropped to 47 per cent.

CPA Spokesperson Debra Harron-Thomson tells 660News it appears Canadians are heeding recent warnings by the Federal Finance Minister and the Governor of the Bank of Canada to get their financial house in order.

However Harron-Thomson says their survey also revealed while people are making progress paying down debt, they are having difficulty saving for retirement.

41 per cent now say they will have to work longer, possibly five years more in order to put away enough cash for their golden years.