Millennials and credit: They have the right idea
A recent BMO survey discovered millennials have good spending and savings habits; better than other generations...Read full article
Tag: household debt
Canadian household debt nears record levels
Statistics Canada says household credit market debt such as consumer credit and mortgages rose to a record of $1.93-trillion in the first quarter of 2016...Read full article
Household debt a cause of concern
The Bank of Canada warns the household vulnerabilities of Canadians have increased according to its biannual Financial System Review...Read full article
Planning on taking maternity leave? Be prepared in advance
With an increase in expenses and a potential pullback in your income, you are well-advised to do some financial thinking ahead of your parental and/or maternity leave...Read full article
House-rich and asset poor may become a reality for many Canadians
Four out of 10 Canadians have come up short at least once in the last year, unable to pay their household bills, says a survey...Read full article
Household Debt and the Canadian Election
Much has been made of the "middle class" in campaign promises, and household debt is clearly a political priority. Executive director Jeff Schwartz spoke with CPAC's Holly Doan about Canadians and debt...Read full article
Is “Good Debt” a Good Idea?
Canadians are taking on more and more debt, but some may argue it is "good" debt because it will lead to increased wealth. Is there really such a thing as "good" debt?..Read full article
Good Debt or Bad Debt? No Debt is Better!
Household debt is rapidly rising thanks to hefty mortgages. While we could consider it "good debt," that doesn't mean we shouldn't try to speed up repayment!..Read full article
What’s the Health of your Wealth?
Are you among the many Canadians who have experience a surge in net worth over the last decade? If not, you will want to read this...Read full article
Paying Down Debt: A Priority
A recent survey revealed that Canadians are ready to cut back their discretionary spending in an effort to pay off their debts. Consolidated Credit's Jacob MacDonald spoke about it with Air 106.1 FM in Alberta...Read full article
We’re Tightening our Purse Strings
A new report suggests that Canadians are eager to cut leisure spending and focus on paying down debt. Consolidated Credit offers advice on how to achieve that goal...Read full article
Are we in Debt Denial?
A recent report took aim at the "debt doomsayers," arguing that we aren't in debt trouble at all. Consolidated Credit would like to separate fact from fiction...Read full article
Actually, Debt IS a Problem!
The Fraser Institute says debt fears are overblown, and Consolidated Credit disagrees. Jeff Schwartz tells News1310 that not all debts and assets are created equally...Read full article
The Canary in the Financial Coal Mine
Household assets and keeping up with bills might not mean you're financially fit if you're not saving. An inability to save should be a red flag...Read full article
Canadian debt levels are increasing
An alarming number of Canadians owe $2.00 for every $1.00 they earn, and it's growing. Consolidated Credit wants to reverse the trend...Read full article
Boom and Bust in Alberta
Alberta was once the economic envy of Canada. Now Albertans are facing unemployment and high debt levels and seeking help from Consolidated Credit...Read full article
Budgeting for the New Reality
If a shifting economic reality can catch the Government off-guard, it can catch us too. Here are ways to safe-guard against uncertainty...Read full article
Bank of Canada holds rates
It may be cheap to borrow today, but could you handle an increase in interest rates tomorrow?..Read full article
Alberta’s debt highest in Canada
Albertans have earned big and spent big. But what happens when job numbers drop and debt keeps rising?..Read full article
March Break Debt – Is It Worth It?
Many Canadians are tempted to spend whatever it takes to escape the cold and snow. But is it worth it to go into debt?..Read full article
