Money gives Canadians anxiety, according to a new report, released Thursday by The School of Public Policy at the University of Calgary.

Author Frank Graves gathered the results of multiple studies from decades of research on economy, the middle class, immigration and foreign trade.

The time-lapse results show just how pessimistic Canadians are about money, especially younger people.

As it turns out, most Canadians think they aren’t doing very well.

"In 2002, nearly 70 per cent of Canadians surveyed described themselves as middle class. That figure dropped to just 47 per cent in 2015,” said Graves.

Almost half of people between the age of 25 and 44 said they are earning less than their father’s did at the same age and only one in five Canadians think they are doing better financially than they were a year prior.

“When a society sees shared progress as an imperative, it is truly dismal that fewer than one in five Canadians thought things had improved for them last year,” continued Graves.

A total of 37 per cent of people who said they had fallen behind financially in the last year and the last five years.

Canadians also worry about the economy, both now and in the long-term.

According to the study, anxiety over Canada's economic future helped the Liberals win the 2015 federal election.