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Number of ‘Highly Indebted’ Canadian Families Rising

Whether it’s the debt or the deficit there has been a ton of talk recently about the amount of debt we as Canadians continue to pile on. And while our household debt levels have been waning slightly over the last several months, it’s still at an all-time high and a huge concern to policymakers. What might be even more alarming however is recent data from Ipsos Canada which shows that one in ten families are considered to be “highly indebted.”

via Number of ‘Highly Indebted’ Canadian Families Rising | Canadian Mortgages Inc..

 

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