Disappointing to See Debt Rise

Canadian household debt is one the rise again, as consumers increase their non-mortgage debt to a staggering $27,597.

Expressing concern for the ever-increasing trend of rising consumer debt, Consolidated Credit’s Jeffrey Schwartz tells the
Globe and Mail that it’s disappointing to see debt continuing to increase. With savings rates remaining dangerously low and housing prices continuing to soar it’s a challenge to understand how Canadians are making their finances work.

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